Short Interest in Frontera Energy Co. (OTCMKTS:FECCF) Rises By 45.4%

Frontera Energy Co. (OTCMKTS:FECCF – Get Rating) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 76,600 shares, a growth of 45.4% from the March 15th total of 52,700 shares. Based on an average daily volume of 32,900 shares, the short-interest ratio is currently 2.3 days.

Separately, BMO Capital Markets upped their price target on shares of Frontera Energy from C$12.00 to C$13.00 in a research report on Friday, February 18th.

Shares of FECCF stock traded up $0.06 during mid-day trading on Friday, reaching $11.84. 2,045 shares of the stock traded hands, compared to its average volume of 21,220. Frontera Energy has a 1-year low of $4.37 and a 1-year high of $12.23. The stock’s fifty day simple moving average is $10.69 and its two-hundred day simple moving average is $8.27.

About Frontera Energy (Get Rating)

Frontera Energy Corporation explores for, develops, and produces crude oil and natural gas in South America. The company has a portfolio of assets, which consists of interests in 35 exploration and production blocks in Colombia, Ecuador, Guyana, and Peru; and in pipeline and port facilities in Colombia.

Recommended Stories