Canacol Energy Ltd (OTCMKTS:CNNEF) Short Interest Up 98.6% in April

Canacol Energy Ltd (OTCMKTS:CNNEFGet Rating) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 388,800 shares, an increase of 98.6% from the April 15th total of 195,800 shares. Based on an average trading volume of 31,600 shares, the days-to-cover ratio is presently 12.3 days.

Separately, BMO Capital Markets cut their target price on shares of Canacol Energy from C$4.00 to C$3.50 in a report on Friday.

Shares of OTCMKTS CNNEF opened at $2.06 on Friday. Canacol Energy has a 12-month low of $1.96 and a 12-month high of $3.33. The firm’s 50-day moving average price is $2.42 and its 200-day moving average price is $2.52.

Canacol Energy (OTCMKTS:CNNEFGet Rating) last issued its quarterly earnings data on Thursday, March 17th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $77.07 million for the quarter.

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

About Canacol Energy (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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