Kolibri Global Energy Inc. (NASDAQ:KGEI) Short Interest Update

Kolibri Global Energy Inc. (NASDAQ:KGEI) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 7,200 shares, a drop of 12.2% from the March 15th total of 8,200 shares. Based on an average daily volume of 20,500 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Kolibri Global Energy

A number of large investors have recently added to or reduced their stakes in the business. TFG Asset Management GP Ltd purchased a new position in shares of Kolibri Global Energy in the fourth quarter valued at about $26,926,000. UBS Group AG purchased a new position in shares of Kolibri Global Energy in the fourth quarter valued at about $3,367,000. Russell Investments Group Ltd. purchased a new position in shares of Kolibri Global Energy in the fourth quarter valued at about $316,000. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Kolibri Global Energy in the fourth quarter valued at about $38,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Kolibri Global Energy Stock Performance

Shares of NASDAQ:KGEI opened at $3.17 on Tuesday. The stock has a fifty day simple moving average of $3.25. Kolibri Global Energy has a 52 week low of $2.84 and a 52 week high of $5.02.

About Kolibri Global Energy

Kolibri Global Energy Inc engages in the exploration, development, production, and marketing of oil, gas clean and sustainable energy in the United States. It produces crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc and changed its name to Kolibri Global Energy Inc in November 2020.