Short Interest in PetroChina Company Limited (OTCMKTS:PCCYF) Drops By 13.1%

PetroChina Company Limited (OTCMKTS:PCCYF) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 894,490 shares, a decrease of 13.1% from the January 15th total of 1,029,842 shares. Based on an average daily trading volume, of 100,102 shares, the short-interest ratio is presently 8.9 days. Based on an average daily trading volume, of 100,102 shares, the short-interest ratio is presently 8.9 days.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised PetroChina to an “outperform” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, PetroChina currently has an average rating of “Buy”.

PetroChina Trading Up 0.9%

OTCMKTS:PCCYF opened at $1.18 on Tuesday. The company’s 50 day moving average price is $1.09 and its 200-day moving average price is $1.03. PetroChina has a 52 week low of $0.59 and a 52 week high of $1.20.

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.