Canacol Energy Ltd (OTCMKTS:CNNEF) Short Interest Up 325.1% in September

Canacol Energy Ltd (OTCMKTS:CNNEF) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 167,900 shares, a growth of 325.1% from the August 31st total of 39,500 shares. Based on an average daily volume of 165,700 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 165,700 shares, the short-interest ratio is currently 1.0 days.

Canacol Energy Price Performance

CNNEF opened at $1.76 on Friday. Canacol Energy has a fifty-two week low of $1.16 and a fifty-two week high of $3.19. The business has a 50-day moving average of $1.65 and a 200-day moving average of $1.94. The company has a market capitalization of $59.85 million, a PE ratio of 1.97 and a beta of 1.00.

Canacol Energy (OTCMKTS:CNNEF) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.49). The firm had revenue of $64.81 million during the quarter, compared to the consensus estimate of $77.00 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.