Short Interest in Prio S.A. (OTCMKTS:PTRRY) Decreases By 95.3%

Prio S.A. (OTCMKTS:PTRRY) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 260 shares, a drop of 95.3% from the June 30th total of 5,586 shares. Based on an average daily trading volume, of 100,035 shares, the short-interest ratio is currently 0.0 days.

Prio Stock Performance

Shares of OTCMKTS PTRRY traded down C$0.40 during trading hours on Friday, reaching C$11.54. 7,370 shares of the stock traded hands, compared to its average volume of 62,321. Prio has a 52-week low of C$6.52 and a 52-week high of C$14.37. The company’s 50-day simple moving average is C$11.69 and its two-hundred day simple moving average is C$11.41.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded 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, According to MarketBeat.com, Prio currently 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.