Canacol Energy Ltd (OTCMKTS:CNNEF) Short Interest Up 19.1% in April

Canacol Energy Ltd (OTCMKTS:CNNEFGet Rating) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 195,800 shares, an increase of 19.1% from the March 31st total of 164,400 shares. Based on an average daily volume of 23,300 shares, the short-interest ratio is presently 8.4 days.

OTCMKTS:CNNEF opened at $2.17 on Wednesday. The stock has a 50-day moving average of $2.50. Canacol Energy has a 12 month low of $2.16 and a 12 month high of $3.33.

Canacol Energy (OTCMKTS:CNNEFGet Rating) last posted its earnings results on Thursday, March 17th. The company reported $0.04 EPS for the quarter. The company had revenue of $77.07 million during the quarter.

The business also recently announced a dividend, which was paid on Tuesday, April 19th. Stockholders of record on Thursday, March 31st were given a $0.0412 dividend. This represents a dividend yield of 6.41%. This is a boost from Canacol Energy’s previous dividend of $0.04. The ex-dividend date of this dividend was Wednesday, March 30th.

Canacol Energy Company Profile (Get Rating)

Canacol Energy Ltd., an oil and gas company, engages in the exploration, development, and production of natural gas in Colombia. As of December 31, 2021, it had a total proved developed producing reserves of 236 billion cubic feet (Bcf) conventional natural gas; a total proved plus probable reserves of 607 Bcf conventional natural gas; and a total proved reserves of 368 Bcf conventional natural gas.

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