Prio S.A. (OTCMKTS:PTRRY) Sees Large Growth in Short Interest

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

Prio Trading Down 3.3%

Shares of PTRRY stock traded down C$0.41 during trading hours on Wednesday, hitting C$12.18. 2,996 shares of the company’s stock were exchanged, 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 firm has a 50 day moving average of C$11.75 and a two-hundred day moving average of C$12.10.

Analyst Upgrades and Downgrades

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

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.