PetroChina Company Limited (OTCMKTS:PCCYF – Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 10,614,556 shares, a growth of 795.9% from the April 15th total of 1,184,773 shares. Based on an average daily volume of 100,490 shares, the days-to-cover ratio is currently 105.6 days.
PetroChina Price Performance
Shares of OTCMKTS PCCYF opened at $1.40 on Thursday. The business has a 50-day simple moving average of $1.37 and a two-hundred day simple moving average of $1.20. PetroChina has a fifty-two week low of $0.72 and a fifty-two week high of $1.59.
PetroChina Company Profile
PetroChina Company Limited, traded over-the-counter in the U.S. as PCCYF, serves as the publicly listed arm of China National Petroleum Corporation (CNPC), one of the world’s largest integrated energy companies. Established in 1999 and headquartered in Beijing, PetroChina engages in a full range of activities across the oil and gas value chain. The company is responsible for exploration, development and production of crude oil and natural gas reserves, capitalizing on extensive onshore and offshore assets throughout China.
In its midstream operations, PetroChina develops and manages pipeline networks, storage terminals and liquefied natural gas (LNG) facilities that support the domestic energy grid.
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