Canacol Energy Ltd (OTCMKTS:CNNEF) Sees Significant Increase in Short Interest

Canacol Energy Ltd (OTCMKTS:CNNEF) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 33,200 shares, a growth of 135.5% from the March 15th total of 14,100 shares. Based on an average daily trading volume, of 19,500 shares, the short-interest ratio is presently 1.7 days. Approximately 0.1% of the company’s stock are sold short.

Canacol Energy Price Performance

Canacol Energy stock opened at $2.30 on Wednesday. Canacol Energy has a one year low of $1.99 and a one year high of $3.98. The business’s fifty day moving average is $2.60 and its 200 day moving average is $2.54. The stock has a market capitalization of $78.63 million, a PE ratio of -2.40 and a beta of 0.93.

Canacol Energy (OTCMKTS:CNNEF) last posted its quarterly earnings data on Thursday, March 20th. The company reported ($0.75) EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($1.65). The company had revenue of $98.34 million during the quarter, compared to the consensus estimate of $138.92 million.

Canacol Energy Company Profile

Canacol Energy Ltd operates as an oil and gas company in Colombia. It engages in the exploration and development of natural gas. 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.