Petroleo Brasileiro S.A.- Petrobras June 15th Short Interest Update

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has shown a rise of 1.7% or 1,832,970 shares in the short positions. The bets have increased to 110,317,676 shares on June 15,2016 from 108,484,706 shares on May 31,2016. With respect to the floated shares, the shorts are 3%. The days to cover are calculated to be 4, using the standard per day volume of 28,706,827 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR): The stock opened at $6.62 on Friday but the bulls could not build on the opening and the stock topped out at $6.86 for the day. The stock traded down to $6.59 during the day, due to lack of any buying support eventually closed down at $6.74 with a loss of -6.52% for the day. The stock had closed at $7.21 on the previous day. The total traded volume was 29,337,713 shares.

The company shares have dropped -25.36% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $9.59 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $6.57 and the 200 Day Moving Average price is recorded at $5.21.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has climbed 1.81% in the past week and advanced 15.41% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.5% and the outperformance has advanced to 18.9% for the last 4 weeks period.

Petroleo Brasileiro SA Petrobras is a Brazil-based integrated energy company. The Company operates in the Exploration and Production (E&P); Refining, Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution, and International segments. E&P includes exploration, development and production of crude oil, natural gas liquid and natural gas in Brazil. RTM covers the refining, logistics, transport and trading of crude oil and oil products activities, export of ethanol, extraction and processing of shale, and interests in petrochemical companies in Brazil. The Gas and Power segment includes transportation and trading of natural gas produced in Brazil, among other activities. Biofuels segment covers the activities of production of biodiesel and its co-products, as well as the ethanol-related activities. The Distribution segment includes its retail network and wholesale channels. The International segment includes its activities in the Americas, Africa, Europe and Asia.

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