Short Interest in Prio S.A. (OTCMKTS:PTRRY) Grows By 6,890.8%

Prio S.A. (OTCMKTS:PTRRY) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 18,176 shares, a growth of 6,890.8% from the July 15th total of 260 shares. Based on an average daily trading volume, of 43,414 shares, the short-interest ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, Zacks Research downgraded Prio from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Prio presently has a consensus rating of “Sell”.

Prio Price Performance

PTRRY stock opened at C$11.84 on Wednesday. The company’s fifty day moving average price is C$11.28 and its 200-day moving average price is C$11.73. Prio has a one year low of C$6.52 and a one year high of C$14.37.

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.