Prio S.A. (OTCMKTS:PTRRY) Sees Significant Drop in Short Interest

Prio S.A. (OTCMKTS:PTRRY) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 10,700 shares, a decline of 72.4% from the January 31st total of 38,800 shares. Based on an average trading volume of 9,200 shares, the short-interest ratio is presently 1.2 days.

Prio Price Performance

OTCMKTS PTRRY traded up C$0.26 during midday trading on Friday, hitting C$6.66. The company had a trading volume of 8,869 shares, compared to its average volume of 11,257. The firm has a 50-day moving average price of C$6.91 and a 200-day moving average price of C$7.39. Prio has a twelve month low of C$6.32 and a twelve month high of C$10.20.

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.