PetroChina Company Limited (OTCMKTS:PCCYF) Stock Short Interest Declines 55.6%

PetroChina Company Limited (OTCMKTS:PCCYF) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,620,393 shares, a drop of 55.6% from the September 15th total of 3,647,777 shares. Based on an average trading volume of 36,521 shares, the short-interest ratio is presently 44.4 days.

PetroChina Stock Performance

Shares of PCCYF stock traded up $0.06 during mid-day trading on Tuesday, hitting $1.30. The company’s stock had a trading volume of 8,451 shares, compared to its average volume of 52,820. The company’s fifty day simple moving average is $1.23 and its 200-day simple moving average is $1.28. PetroChina has a 52 week low of $0.91 and a 52 week high of $1.59.

About PetroChina

PetroChina Company Limited is an integrated energy company engaged in the exploration, development, production and sale of crude oil and natural gas. The company is the publicly listed arm of China National Petroleum Corporation (CNPC), one of China’s major state-owned energy groups.

Its business activities include oil and gas exploration and production, crude oil refining, petrochemical manufacturing, fuel marketing and distribution, and the processing, transportation, storage and sale of natural gas.