PetroChina Company Limited (OTCMKTS:PCCYF) Short Interest Update

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

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised shares of PetroChina to an “outperform” rating in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, PetroChina presently has a consensus rating of “Buy”.

PetroChina Price Performance

Shares of PetroChina stock opened at $1.18 on Tuesday. PetroChina has a 12 month low of $0.59 and a 12 month high of $1.20. The business has a fifty day simple moving average of $1.09 and a two-hundred day simple moving average of $1.03.

About PetroChina

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.