PetroChina Company Limited (OTCMKTS:PCCYF) Short Interest Up 81.2% in May

PetroChina Company Limited (OTCMKTS:PCCYF) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 41,610,217 shares, a growth of 81.2% from the May 14th total of 22,964,266 shares. Based on an average daily trading volume, of 179,557 shares, the short-interest ratio is currently 231.7 days.

PetroChina Stock Performance

OTCMKTS PCCYF traded down $0.11 during mid-day trading on Tuesday, reaching $1.23. 4,000 shares of the stock were exchanged, compared to its average volume of 64,555. PetroChina has a 1 year low of $0.83 and a 1 year high of $1.59. The business’s 50 day moving average is $1.38 and its 200-day moving average is $1.24.

About PetroChina

PetroChina Company Limited, traded over-the-counter in the U.S. as PCCYF, serves as the publicly listed arm of China National Petroleum Corporation (CNPC), one of the world’s largest integrated energy companies. Established in 1999 and headquartered in Beijing, PetroChina engages in a full range of activities across the oil and gas value chain. The company is responsible for exploration, development and production of crude oil and natural gas reserves, capitalizing on extensive onshore and offshore assets throughout China.

In its midstream operations, PetroChina develops and manages pipeline networks, storage terminals and liquefied natural gas (LNG) facilities that support the domestic energy grid.