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

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

Prio Stock Down 1.4%

OTCMKTS PTRRY traded down C$0.17 during trading hours on Tuesday, reaching C$11.84. 9,378 shares of the company’s stock were exchanged, compared to its average volume of 59,058. The firm has a fifty day moving average of C$11.29 and a 200-day moving average of C$11.71. Prio has a one year low of C$6.52 and a one year high of C$14.37.

Wall Street Analyst Weigh In

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

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.