Prio S.A. (OTCMKTS:PTRRY – Get Free Report) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 26,010 shares, a decline of 89.4% from the May 31st total of 246,131 shares. Based on an average daily volume of 80,755 shares, the days-to-cover ratio is presently 0.3 days.
Prio Stock Down 0.2%
Shares of Prio stock traded down C$0.02 during trading on Friday, reaching C$10.30. 4,165 shares of the company were exchanged, compared to its average volume of 66,589. The business has a 50-day moving average price of C$12.58 and a 200-day moving average price of C$10.90. Prio has a twelve month low of C$6.52 and a twelve month high of C$14.37.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of Prio to a “hold” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.
About Prio
Prio SA, together with its subsidiaries, engages in the exploration, development, and production of oil and natural gas properties in Brazil and internationally. It holds a 100% interest in the Polvo Field covering approximately 134 square kilometres located in the southern portion of the Campos Basin, Rio de Janeiro; and the Frade Field that consists of approximately 154 kilometres located in the northern region of the Campos Basin, Rio de Janeiro. The company also holds interest in the Manati Field that comprises approximately 76 square kilometres located in the Camumu Basin, on the coast of the State of Bahia.
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