Short Interest in Prio S.A. (OTCMKTS:PTRRY) Declines By 68.9%

Prio S.A. (OTCMKTS:PTRRY) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 16,488 shares, a drop of 68.9% from the April 15th total of 52,974 shares. Based on an average daily volume of 44,802 shares, the days-to-cover ratio is presently 0.4 days.

Prio Price Performance

OTCMKTS:PTRRY opened at C$13.60 on Friday. The business’s 50-day moving average is C$12.80 and its two-hundred day moving average is C$9.87. Prio has a 12 month low of C$6.52 and a 12 month 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.