Petroleo Brasileiro SA Petrobras (NYSE:PBR) Sees Large Growth in Short Interest

Petroleo Brasileiro SA Petrobras (NYSE:PBR) saw a large 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 trading volume of 29,024,177 shares, the short-interest ratio is presently 1.9 days.

Large investors have recently modified their holdings of the stock. Flow Traders U.S. LLC bought a new position in Petroleo Brasileiro SA Petrobras in the 4th quarter valued at about $109,000. Quadrant Private Wealth Management LLC bought a new position in Petroleo Brasileiro SA Petrobras in the 4th quarter valued at about $123,000. KCS Wealth Advisory bought a new position in Petroleo Brasileiro SA Petrobras in the 4th quarter valued at about $136,000. Saratoga Research & Investment Management bought a new position in Petroleo Brasileiro SA Petrobras in the 3rd quarter valued at about $194,000. Finally, Marathon Trading Investment Management LLC bought a new position in Petroleo Brasileiro SA Petrobras in the 4th quarter valued at about $194,000. Institutional investors and hedge funds own 5.98% of the company’s stock.

Shares of Petroleo Brasileiro SA Petrobras (PBR) traded down $0.13 during trading hours on Wednesday, reaching $13.16. 17,433,025 shares of the company traded hands, compared to its average volume of 22,712,324. Petroleo Brasileiro SA Petrobras has a twelve month low of $7.61 and a twelve month high of $13.99. The firm has a market cap of $84,140.00, a P/E ratio of 36.56 and a beta of 2.69. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.02 and a quick ratio of 1.66.

A number of research firms recently commented on PBR. ValuEngine upgraded Petroleo Brasileiro SA Petrobras from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Credit Suisse Group set a $15.00 price objective on shares of Petroleo Brasileiro SA Petrobras and gave the stock a “hold” rating in a research note on Monday, January 29th. Goldman Sachs Group upgraded shares of Petroleo Brasileiro SA Petrobras from a “sell” rating to a “neutral” rating in a research note on Thursday, February 1st. Zacks Investment Research downgraded shares of Petroleo Brasileiro SA Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Finally, HSBC downgraded 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 assigned a hold rating and two have given a buy rating to the stock. Petroleo Brasileiro SA Petrobras has a consensus rating of “Hold” and an average target price of $12.00.

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Petroleo Brasileiro SA Petrobras Company Profile

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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