Short interest in Petroleo Brasileiro SA Petrobras (NYSE:PBR) increased during the last reporting period, rising from 22.48M to 24.43M. This put 1.38% of the company's publicly available shares short.

Short interest for Petrobras Brasileiro gives investors a sense of the degree to which investors are betting on the decline of Petrobras Brasileiro's stock. Short interest data is updated every two weeks.

Based on the recent average volume of 17.26M shares traded per day, it would take 1.42 day(s) for holders of this short interest to close out their positions without sending the stock sharply higher.