Petroleo Brasileiro S.A.- Petrobras (PBR) Sees Significant Growth in Short Interest

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 49,354,924 shares, an increase of 47.8% from the October 31st total of 33,382,717 shares. Based on an average daily volume of 18,492,130 shares, the days-to-cover ratio is presently 2.7 days.

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) opened at $9.86 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.66 and a current ratio of 2.02. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $7.61 and a 52-week high of $11.71. The firm has a market capitalization of $64,309.36, a price-to-earnings ratio of 18.26 and a beta of 2.37.

PBR has been the subject of a number of recent research reports. Deutsche Bank upgraded Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Credit Suisse Group restated a “buy” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Friday, September 15th. Zacks Investment Research upgraded Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. ValuEngine upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Raymond James Financial restated a “market perform” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Petroleo Brasileiro S.A.- Petrobras has an average rating of “Hold” and an average target price of $10.48.

In other Petroleo Brasileiro S.A.- Petrobras news, Director Christopher Geoffrey Hampson sold 250,000 shares of Petroleo Brasileiro S.A.- Petrobras stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $0.18, for a total value of $45,000.00.

Several institutional investors have recently made changes to their positions in PBR. Eqis Capital Management Inc. grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 8.5% during the second quarter. Eqis Capital Management Inc. now owns 16,082 shares of the oil and gas exploration company’s stock worth $128,000 after purchasing an additional 1,262 shares during the period. Strs Ohio acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter worth $255,000. Glen Point Capital LLP grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 92.5% during the second quarter. Glen Point Capital LLP now owns 1,895,300 shares of the oil and gas exploration company’s stock worth $15,143,000 after purchasing an additional 910,833 shares during the period. Trexquant Investment LP grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 81.4% during the second quarter. Trexquant Investment LP now owns 119,400 shares of the oil and gas exploration company’s stock worth $954,000 after purchasing an additional 53,594 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 1,110.6% during the second quarter. First Trust Advisors LP now owns 196,440 shares of the oil and gas exploration company’s stock worth $1,570,000 after purchasing an additional 180,213 shares during the period. 5.60% of the stock is owned by institutional investors and hedge funds.

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