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

PetroChina Company Limited (OTCMKTS:PCCYF) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 1,063,329 shares, a growth of 18.9% from the January 29th total of 894,490 shares. Based on an average daily volume of 32,900 shares, the days-to-cover ratio is currently 32.3 days. Based on an average daily volume of 32,900 shares, the days-to-cover ratio is currently 32.3 days.

PetroChina Stock Up 1.5%

PetroChina stock opened at $1.33 on Friday. PetroChina has a 52-week low of $0.59 and a 52-week high of $1.35. The firm’s fifty day moving average is $1.14 and its 200 day moving average is $1.05.

Analyst Ratings Changes

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

About PetroChina

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.