PETROLEO BRASIL/S (NYSE:PBR.A) Sees Significant Growth in Short Interest

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PETROLEO BRASIL/S (NYSE:PBR.A) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totalling 10,390,000 shares, a growth of 13.6% from the October 15th total of 9,150,000 shares. Based on an average daily volume of 6,230,000 shares, the short-interest ratio is currently 1.7 days.

Shares of PBR.A traded down $0.19 during trading hours on Friday, hitting $8.77. 8,359,555 shares of the stock were exchanged, compared to its average volume of 7,084,609. The stock’s 50-day moving average price is $7.35 and its two-hundred day moving average price is $7.79. PETROLEO BRASIL/S has a 12-month low of $4.16 and a 12-month high of $15.66. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.21 and a current ratio of 1.40. The company has a market cap of $57.20 billion, a price-to-earnings ratio of 5.80 and a beta of 1.78.


PetrĂ³leo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries in Brazil and internationally. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.

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