Kubrick escribió:100 millones de Pbr shorteadas
Petróleo Brasileiro S.A. (NYSE: PBR), better known as Petrobras, saw the number of its shares short retreat by more than 8.54 million from mid-month to almost 100.03 million by the end of January.
That was a decline of nearly 8% and represents 2.7% of the total float. At the current average daily volume, it would take more than two days to cover all short positions.
A recent shakeup at the top of the petro-giant failed to allay investor concerns. Shares ended the two-week short interest period more than 7% lower and tried unsuccessfully to recover since. They closed Tuesday at $6.23, in a 52-week range of $5.79 to $20.94.