Prio S.A. (OTCMKTS:PTRRY) Short Interest Up 6,890.8% in July

Prio S.A. (OTCMKTS:PTRRY) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 18,176 shares, a growth of 6,890.8% from the July 15th total of 260 shares. Based on an average daily volume of 43,414 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

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 analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Prio Trading Down 1.4%

Shares of Prio stock traded down C$0.17 on Tuesday, hitting C$11.84. 9,378 shares of the company traded hands, compared to its average volume of 59,058. Prio has a 12-month low of C$6.52 and a 12-month high of C$14.37. The company has a 50-day moving average price of C$11.29 and a 200 day moving average price of C$11.71.

Prio Company Profile

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.