Short Interest in Petroleo Brasileiro SA Decreases By 35.9% (PBR)
Petroleo Brasileiro SA (NYSE:PBR) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 42,582,132 shares, a decrease of 35.9% from the March 31st total of 66,426,685 shares, Stock Ratings Network.com reports. Based on an average trading volume of 33,107,052 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.0% of the company’s shares are sold short.
A number of analysts have recently weighed in on PBR shares. Analysts at Zacks upgraded shares of Petroleo Brasileiro SA from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $15.20 price target on the stock. Separately, analysts at BMO Capital Markets initiated coverage on shares of Petroleo Brasileiro SA in a research note on Thursday, April 3rd. They set a “market perform” rating on the stock. Finally, analysts at Credit Suisse upgraded shares of Petroleo Brasileiro SA from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 12th. They now have a $14.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.68.
Shares of Petroleo Brasileiro SA (NYSE:PBR) opened at 15.18 on Friday. Petroleo Brasileiro SA has a 1-year low of $10.20 and a 1-year high of $19.17. The stock’s 50-day moving average is $13.59 and its 200-day moving average is $13.4. The company has a market cap of $99.008 billion and a P/E ratio of 9.64.
Petroleo Brasileiro SA (NYSE:PBR) is an integrated oil and gas company.
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