Short Interest in PetroChina Company Limited (OTCMKTS:PCCYF) Decreases By 50.9%

PetroChina Company Limited (OTCMKTS:PCCYF) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 889,919 shares, a drop of 50.9% from the December 15th total of 1,812,425 shares. Based on an average daily volume of 76,388 shares, the short-interest ratio is currently 11.6 days. Based on an average daily volume of 76,388 shares, the short-interest ratio is currently 11.6 days.

PetroChina Stock Up 4.8%

PCCYF traded up $0.05 on Thursday, reaching $1.10. The company had a trading volume of 306 shares, compared to its average volume of 22,751. PetroChina has a fifty-two week low of $0.59 and a fifty-two week high of $1.18. The company’s fifty day moving average is $1.09 and its 200 day moving average is $0.99.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein upgraded PetroChina to an “outperform” rating in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, PetroChina presently has an average rating of “Buy”.

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.