PetroChina Company Limited (OTCMKTS:PCCYF) Sees Significant Drop in Short Interest

PetroChina Company Limited (OTCMKTS:PCCYF) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 1,812,425 shares, a drop of 29.7% from the November 30th total of 2,577,054 shares. Based on an average daily trading volume, of 76,440 shares, the days-to-cover ratio is currently 23.7 days. Based on an average daily trading volume, of 76,440 shares, the days-to-cover ratio is currently 23.7 days.

PetroChina Trading Up 0.9%

Shares of OTCMKTS:PCCYF traded up $0.01 during midday trading on Tuesday, hitting $1.10. 2,282 shares of the company’s stock were exchanged, compared to its average volume of 58,730. PetroChina has a 12 month low of $0.59 and a 12 month high of $1.18. The stock has a 50 day moving average price of $1.07 and a 200-day moving average price of $0.98.

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.