Short Interest in Kolibri Global Energy Inc. (NASDAQ:KGEI) Rises By 6.5%

Kolibri Global Energy Inc. (NASDAQ:KGEIGet Free Report) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 8,200 shares, an increase of 6.5% from the February 29th total of 7,700 shares. Based on an average daily volume of 10,600 shares, the short-interest ratio is presently 0.8 days. Currently, 0.0% of the company’s stock are short sold.

Kolibri Global Energy Price Performance

Shares of KGEI stock opened at $3.05 on Wednesday. Kolibri Global Energy has a 12 month low of $2.84 and a 12 month high of $5.02. The stock’s fifty day moving average price is $3.22.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Stratos Wealth Partners LTD. purchased a new stake in Kolibri Global Energy during the fourth quarter worth approximately $38,000. Russell Investments Group Ltd. purchased a new stake in shares of Kolibri Global Energy during the 4th quarter worth approximately $316,000. UBS Group AG acquired a new position in shares of Kolibri Global Energy in the 4th quarter valued at $3,367,000. Finally, TFG Asset Management GP Ltd purchased a new position in shares of Kolibri Global Energy in the 4th quarter valued at $26,926,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

About Kolibri Global Energy

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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.

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