(NYSE:PZE) shares saw light trading volume with 8,309 shares changing hands in the last trading session. Volume was down 95.36% under the stocks average daily volume.
Investors are feeling more bearish on the company considering the rise in short interest. The company realized a rise in short interest of 21.17% as of August 15, 2017 from the last reporting period. Short shares grew 8,666 over that timeframe. Days to cover increased 1.0 to 1.0 and the short interest percentage is 0.00% as of August 15.
The following firms have recently changed their position in PZE. As of the end of the quarter Charlemagne Capital Ltd had bought a total of 703,101 shares growing its holdings by 156.5%. The value in dollars increased from $3,173,000 to $12,752,000 a change of 301.9% since the last quarter. Bluefin Trading, LLC grew its holdings by buying 424,326 shares an increase of 32.4% from 03/31/2017 to 06/30/2017. Bluefin Trading, LLC claims 1,732,210 shares valued at $20,804,000. The total value of its holdings increased 44.0%.
Cowen Group, Inc. augmented its stake by buying 202,274 shares an increase of 124.3% in the quarter. Cowen Group, Inc. now controls 365,005 shares with a value of $4,384,000. The value of the position overall is up by 143.8%. Standard Life Investments Ltd reduced its investment by shedding 20,383 shares a decrease of 33.7% as of 06/30/2017. Standard Life Investments Ltd now holds 40,062 shares worth $482,000. The total value of its holdings decreased 28.2%.
The company is now down from yesterday’s close of 12.16. The stock last traded at $12.09 a tad above the 50 day moving average of $11.86 and which is slightly above the 200 day moving average of $11.60. The 50 day moving average was up $0.23 or +1.98% whereas the 200 day average was up by +4.18%.
Petrobras Argentina S.A. operates as an integrated energy company. It operates through four segments: Oil and Gas Exploration and Production, Refining and Distribution, Petrochemicals, and Gas and Energy. The Oil and Gas Exploration and Production segment is involved in the oil and gas exploration and production activities in Argentina, Venezuela, Bolivia, and Ecuador. As of December 31, 2015, this segment had interests in 20 oil and gas production blocks and 9 exploration blocks located within exploration areas or pending authorization for production; and liquid hydrocarbon and natural gas proved developed and undeveloped reserves of 183.1 million barrels of oil equivalent. The Refining and Distribution segment operates a refinery at Bahia Blanca that produces gasoline, diesel, fuel oil, asphalts and liquefied gases, and intermediate fuel oil. This segment also operated a network of 265 gas stations, including 79 owned gas stations and 186 franchised gas stations under the Petrobras and Spacio 1 brand names. The Petrochemicals segment produces and sells a range of products, such as intermediate gasoline, aromatic solvents, hexane and other hydrogenated paraffinic solvents, propellants for the cosmetic industry, monomer styrene, rubbers, and polymers. The Gas and Energy segment engages in the sale of gas; provision of brokerage and trading services for gas and liquefied petroleum gas; transportation of gas in southern Argentina; and processing and marketing of natural gas liquids, as well as generation and transmission of electricity through thermal power plant and the open cycle gas-fired turbine sources. The company was formerly known as Petrobras Energia S.A. and changed its name to Petrobras Argentina, S.A. in July 2010. The company was founded in 1946 and is based in Buenos Aires, Argentina. Petrobras Argentina SA operates as a subsidiary of Petrobras Participaciones, S.L..