Short interest in Prio S.A. (OTCMKTS:PTRRY) nosedived by 89.4% in June. Market sentiment clearly shifting . By June 15,total short interest was just 26,010 shares, down sharply from 246,131 on May 31.
Short-interest ratio now sits at 0.3 days,based on average daily trading volume of 80,755 shares. This steep drop might hint at rising investor confidence in Prio's stock .
June 26 saw Prio shares dip by C$0.01,closing at C$10.32. Trading volume hit 20,644,below 66,758 average. Last 50 days show a moving average of C$12.53, while the two-hundred-day figure is C$10.89. Stock hit a 52-week low of C$6.52 and a high of C$14.37.
Separately,Zacks Research upgraded Prio to “hold” on June 8. One analyst rates it as hold,contributing to an average “hold” rating for Prio.
Prio S.A. explores,develops,and produces oil and gas in Brazil and beyond. Owns 100% of Polvo Field, spanning 134 square km in southern Campos Basin,Rio de Janeiro. Also holds stake in Frade Field, about 154 square km in northern Campos Basin,and Manati Field,roughly 76 square km in Camumu Basin along Bahia coast…
