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

Prio S.A. (OTCMKTS:PTRRY) was the recipient of a significant increase in short interest in 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 daily volume of 18,772 shares, the short-interest ratio is currently 1.6 days.

Analyst Ratings Changes

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

Prio Price Performance

Shares of OTCMKTS PTRRY traded down C$0.15 during midday trading on Thursday, reaching C$12.03. 1,766 shares of the stock were exchanged, compared to its average volume of 51,947. The firm has a 50-day simple moving average of C$11.77 and a two-hundred day simple moving average of C$12.11. Prio has a twelve month low of C$6.52 and a twelve month high of C$14.37.

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.