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Shares of Petroleo Brasileiro SA (NYSE:PBR) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 32,648,763 shares, a decline of 23.3% from the April 15th total of 42,582,132 shares, StockRatingsNetwork.com reports. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 22,939,072 shares, the days-to-cover ratio is currently 1.4 days.

Several analysts have recently commented on the stock. 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 assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $15.68.

Shares of Petroleo Brasileiro SA (NYSE:PBR) opened at 14.91 on Friday. Petroleo Brasileiro SA has a 52-week low of $10.20 and a 52-week high of $18.53. The stock’s 50-day moving average is $14.33 and its 200-day moving average is $13.39. The company has a market cap of $97.247 billion and a price-to-earnings ratio of 11.01.

Petroleo Brasileiro SA (NYSE:PBR) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.42 by $0.08. Analysts expect that Petroleo Brasileiro SA will post $1.77 EPS for the current fiscal year.

Petroleo Brasileiro SA (NYSE:PBR) is an integrated oil and gas company.

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