Short Interest in PetroChina Company Limited (OTCMKTS:PCCYF) Declines By 66.9%

PetroChina Company Limited (OTCMKTS:PCCYF) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 12,637,663 shares, a drop of 66.9% from the June 15th total of 38,225,855 shares. Based on an average daily volume of 166,923 shares, the short-interest ratio is currently 75.7 days.

PetroChina Price Performance

Shares of PCCYF opened at $1.19 on Wednesday. PetroChina has a 52-week low of $0.83 and a 52-week high of $1.59. The business’s 50 day moving average price is $1.28 and its two-hundred day moving average price is $1.25.

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.