Short Interest in Prio S.A. (OTCMKTS:PTRRY) Drops By 17.9%

Prio S.A. (OTCMKTS:PTRRY) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 13,300 shares, a decline of 17.9% from the December 31st total of 16,200 shares. Based on an average trading volume of 14,400 shares, the days-to-cover ratio is currently 0.9 days.

Prio Stock Performance

Shares of OTCMKTS PTRRY traded up C$0.52 during midday trading on Thursday, reaching C$7.56. 11,838 shares of the company were exchanged, compared to its average volume of 13,969. Prio has a 1 year low of C$6.32 and a 1 year high of C$10.20. The stock has a fifty day simple moving average of C$6.87 and a 200 day simple moving average of C$7.59.

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.