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Petrobras Stock Rises 5% after Record Production

PART:
1 2 3 4 5
Part 3
Petrobras Stock Rises 5% after Record Production PART 3 OF 5

Did Short Interest in Petrobas Fall in 4Q16?

Short interest in PBR

In this part of the series, we’ll look at the short interest in Petrobras (PBR) before its production update. Short interest in PBR fell in 4Q16. In 2016, the company saw a downtrend in its short interest levels. Usually, a fall in short interest indicates a weaker bearish sentiment for the stock.

Did Short Interest in Petrobas Fall in 4Q16?

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Short interest as a percentage

Short interest as a percentage of PBR’s outstanding shares fell 0.20% in 4Q16. In that same quarter, PBR stock rose 8.4%.

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