Short Interest in Prio S.A. (OTCMKTS:PTRRY) Drops By 95.3%

Prio S.A. (OTCMKTS:PTRRY) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 260 shares, a decline of 95.3% from the June 30th total of 5,586 shares. Based on an average daily trading volume, of 100,035 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Prio to a “hold” rating in a report on Monday, June 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Prio Stock Performance

Shares of OTCMKTS:PTRRY opened at C$11.54 on Friday. Prio has a 52-week low of C$6.52 and a 52-week high of C$14.37. The business has a 50-day moving average price of C$11.69 and a 200-day moving average price of C$11.41.

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.