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.
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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