(NYSE:PZE) shares saw light trading volume with 8,309 shares changing hands in the last trading session. Overall, volume was down 95.36% under the stocks normal daily volume.
Short traders are feeling a little more bearish lately as shown by the increase in short interest. The firm experienced a rise in short interest of 21.17% as of the latest report on August 15, 2017. Short interest grew 8,666 over that timeframe. The days to cover increased to 1.0 and the percentage of shorted shares is 0.00% as of August 15.
A few notable investment firms have updated their holdings. As of the end of the quarter Charlemagne Capital Ltd had bought a total of 703,101 shares growing its stake by 156.5%. The value of the investment in (PZE) went from $3,173,000 to $12,752,000 a change of $9,579,000 quarter to quarter. As of quarter end Bluefin Trading, LLC had acquired 424,326 shares growing its position 32.4%. The value of the investment in PZE increased from $14,452,000 to $20,804,000 a change of 44.0% for the reporting period.
Cowen Group, Inc. bolstered its position by buying 202,274 shares an increase of 124.3%. Cowen Group, Inc. owns 365,005 shares worth $4,384,000. The value of the position overall is up by 143.8%. As of quarter end Standard Life Investments Ltd had sold a total of 20,383 shares trimming its holdings by 33.7%. The value of the total investment in Petrobras Argentina S.A. ADS went from $671,000 to $482,000 decreasing 28.2% since the last quarter.
The company is now down from yesterday’s close of 12.16. Shares are trading at $12.09 which is just a bit higher than $11.86, the stock’s 50 day moving average and which is marginally over the 200 day moving average of $11.60. The 50 day moving average was up by +1.98% and the 200 day average moved up $0.49.
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..