Petroleo Brasileiro SA Petrobras (PBR) Sees Large Increase in Short Interest

Petroleo Brasileiro SA Petrobras (NYSE:PBR) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 53,946,920 shares, a growth of 19.5% from the January 12th total of 45,152,583 shares. Based on an average daily volume of 29,024,177 shares, the days-to-cover ratio is presently 1.9 days.

Petroleo Brasileiro SA Petrobras (PBR) traded down $0.13 on Wednesday, reaching $13.16. 17,433,025 shares of the company’s stock were exchanged, compared to its average volume of 22,712,324. Petroleo Brasileiro SA Petrobras has a 52-week low of $7.61 and a 52-week high of $13.99. The company has a quick ratio of 1.66, a current ratio of 2.02 and a debt-to-equity ratio of 1.27. The company has a market cap of $84,140.00, a price-to-earnings ratio of 36.56 and a beta of 2.69.

Several equities research analysts have weighed in on PBR shares. ValuEngine raised shares of Petroleo Brasileiro SA Petrobras from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Credit Suisse Group set a $15.00 target price on shares of Petroleo Brasileiro SA Petrobras and gave the stock a “hold” rating in a report on Monday, January 29th. Goldman Sachs Group raised shares of Petroleo Brasileiro SA Petrobras from a “sell” rating to a “neutral” rating in a report on Thursday, February 1st. Zacks Investment Research cut shares of Petroleo Brasileiro SA Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Finally, HSBC cut shares of Petroleo Brasileiro SA Petrobras from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.00.

Several large investors have recently bought and sold shares of the company. Compass Group LLC acquired a new position in shares of Petroleo Brasileiro SA Petrobras during the 4th quarter valued at $985,000. Marathon Trading Investment Management LLC acquired a new position in shares of Petroleo Brasileiro SA Petrobras during the 4th quarter valued at $194,000. CoreCommodity Management LLC acquired a new position in shares of Petroleo Brasileiro SA Petrobras during the 4th quarter valued at $544,000. Bamco Inc. NY acquired a new position in shares of Petroleo Brasileiro SA Petrobras during the 4th quarter valued at $49,600,000. Finally, Renaissance Technologies LLC raised its holdings in Petroleo Brasileiro SA Petrobras by 36.8% during the fourth quarter. Renaissance Technologies LLC now owns 18,649,600 shares of the oil and gas exploration company’s stock worth $191,904,000 after buying an additional 5,020,300 shares during the last quarter. 5.98% of the stock is currently owned by institutional investors.

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About Petroleo Brasileiro SA Petrobras

Petroleo Brasileiro SA-Petrobras specializes in the oil, natural gas and energy industry. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks. Its segments include Exploration and Production, which covers the activities of exploration, development and production of crude oil, natural gas liquid and natural gas; Refining, Transportation and Marketing, which covers the refining, logistics, transport and trading of crude oil and oil products activities, exporting of ethanol, and extraction and processing of shale; Gas and Power, which is engaged in transportation and trading of natural gas produced in Brazil and imported natural gas; Biofuels, which covers the activities of production of biodiesel and its co-products, and ethanol-related activities; Distribution, which includes the activities of its subsidiary Petrobras Distribuidora SA, and Corporate.

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