Prio S.A. (OTCMKTS:PTRRY) Short Interest Up 78.5% in August

Prio S.A. (OTCMKTS:PTRRY) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 30,919 shares, a growth of 78.5% from the August 15th total of 17,319 shares. Based on an average daily volume of 18,772 shares, the days-to-cover ratio is currently 1.6 days.

Wall Street Analysts Forecast Growth

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

Prio Stock Down 3.3%

Prio stock traded down C$0.41 during midday trading on Wednesday, reaching C$12.18. The company’s stock had a trading volume of 2,996 shares, compared to its average volume of 52,232. Prio has a fifty-two week low of C$6.52 and a fifty-two week high of C$14.37. The business has a 50-day simple moving average of C$11.75 and a 200-day simple moving average of C$12.10.

About Prio

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.