Short Interest in Prio S.A. (OTCMKTS:PTRRY) Grows By 877.0%

Prio S.A. (OTCMKTS:PTRRY) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 246,131 shares, a growth of 877.0% from the May 14th total of 25,193 shares. Based on an average daily trading volume, of 120,561 shares, the short-interest ratio is presently 2.0 days.

Prio Price Performance

PTRRY opened at C$11.98 on Friday. The firm has a 50-day simple moving average of C$12.96 and a two-hundred day simple moving average of C$10.63. Prio has a 52 week low of C$6.52 and a 52 week high of C$14.37.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Prio to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Prio presently has a consensus rating of “Hold”.

Prio Company Profile

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.