Cogeco Inc. (OTCMKTS:CGECF) Short Interest Down 28.0% in August

Cogeco Inc. (OTCMKTS:CGECF) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 99,400 shares, a drop of 28.0% from the August 15th total of 138,000 shares. Based on an average daily volume of 500 shares, the short-interest ratio is presently 198.8 days. Based on an average daily volume of 500 shares, the short-interest ratio is presently 198.8 days.

Cogeco Stock Performance

OTCMKTS CGECF opened at $44.25 on Tuesday. Cogeco has a 12-month low of $35.39 and a 12-month high of $49.00. The firm’s 50 day moving average is $44.35 and its 200-day moving average is $44.68.

About Cogeco

Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States.