Canacol Energy Ltd (OTCMKTS:CNNEF) Short Interest Up 6.0% in March

Canacol Energy Ltd (OTCMKTS:CNNEFGet Free Report) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 100,900 shares, an increase of 6.0% from the February 29th total of 95,200 shares. Based on an average daily volume of 11,900 shares, the days-to-cover ratio is currently 8.5 days.

Canacol Energy Stock Performance

CNNEF opened at $3.45 on Wednesday. The firm has a 50 day moving average price of $4.07 and a 200 day moving average price of $5.18. The company has a market cap of $117.65 million, a PE ratio of 1.37 and a beta of 0.89. Canacol Energy has a 1 year low of $3.14 and a 1 year high of $9.30.

Canacol Energy (OTCMKTS:CNNEFGet Free Report) last posted its earnings results on Thursday, March 21st. The company reported $0.88 earnings per share (EPS) for the quarter. The business had revenue of $96.99 million for the quarter.

About Canacol Energy

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Canacol Energy Ltd., an oil and gas company, engages in the exploration, development, and production of natural gas in Colombia. The company was formerly known as BrazAlta Resources Corp. and changed its name to Canacol Energy Ltd in February 2009. The company was incorporated in 1970 and is headquartered in Calgary, Canada.

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