Public Joint Stock Company Gazprom Neft (OTCMKTS:GZPFY) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 5,600 shares, a decline of 24.3% from the August 15th total of 7,400 shares. Based on an average daily volume of 7,800 shares, the days-to-cover ratio is currently 0.7 days.
GZPFY stock traded down $0.62 during midday trading on Tuesday, reaching $30.11. 9,455 shares of the company’s stock traded hands, compared to its average volume of 5,861. The company has a 50-day moving average price of $29.12 and a two-hundred day moving average price of $27.12. The firm has a market capitalization of $28.55 billion, a PE ratio of 6.49 and a beta of 1.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.72 and a current ratio of 0.99. Public Joint Stock Company Gazprom Neft has a 52 week low of $16.91 and a 52 week high of $31.75.
Separately, Zacks Investment Research raised shares of Public Joint Stock Company Gazprom Neft from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Friday, September 3rd.
Gazprom Neft PJSC engages in the sale of petroleum and petroleum products. The firm also carries out other activities including transportation, property for rent, commission and other services. Its products include Engine Oils, Motor Fuel, Fuel Cards, Aviation Fuel, Lubricants, Bunkering, Bitumen and Other Oil.
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