Prio S.A. (OTCMKTS:PTRRY) Short Interest Down 68.9% in April
by Doug Wharley · The Cerbat GemPrio S.A. (OTCMKTS:PTRRY – Get Free Report) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 16,488 shares, a drop of 68.9% from the April 15th total of 52,974 shares. Based on an average daily volume of 44,802 shares, the short-interest ratio is currently 0.4 days.
Prio Stock Performance
Shares of OTCMKTS PTRRY traded up C$0.39 during trading hours on Thursday, hitting C$13.43. 5,548 shares of the company traded hands, compared to its average volume of 70,397. The company’s 50 day moving average price is C$12.68 and its 200 day moving average price is C$9.80. Prio has a 12 month low of C$6.52 and a 12 month high of C$14.37.
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.