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

PetroChina Company Limited (OTCMKTS:PCCYF) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 41,610,217 shares, a growth of 81.2% from the May 14th total of 22,964,266 shares. Based on an average daily volume of 179,557 shares, the short-interest ratio is currently 231.7 days.

PetroChina Stock Down 3.0%

Shares of PCCYF stock traded down $0.04 during trading hours on Monday, hitting $1.30. 74,229 shares of the company were exchanged, compared to its average volume of 63,679. The business has a 50 day moving average of $1.38 and a two-hundred day moving average of $1.24. PetroChina has a 52 week low of $0.83 and a 52 week high of $1.59.

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.