PetroChina Company Limited (OTCMKTS:PCCYF – Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 22,964,266 shares, an increase of 116.3% from the April 30th total of 10,614,556 shares. Based on an average daily volume of 101,893 shares, the days-to-cover ratio is currently 225.4 days.
PetroChina Stock Performance
PetroChina stock traded up $0.01 during mid-day trading on Tuesday, reaching $1.38. The company’s stock had a trading volume of 3,469 shares, compared to its average volume of 68,302. The business has a 50 day moving average price of $1.38 and a 200-day moving average price of $1.23. PetroChina has a twelve month low of $0.80 and a twelve month high of $1.59.
About PetroChina
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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