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

Canacol Energy Ltd (OTCMKTS:CNNEF) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 2,800 shares, a drop of 24.3% from the September 30th total of 3,700 shares. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is currently 0.8 days.

Canacol Energy Stock Up 0.5 %

Shares of OTCMKTS CNNEF traded up $0.01 during midday trading on Tuesday, reaching $2.15. 8,936 shares of the stock were exchanged, compared to its average volume of 10,605. The firm has a 50-day simple moving average of $2.57 and a two-hundred day simple moving average of $3.05. Canacol Energy has a twelve month low of $2.02 and a twelve month high of $5.90. The firm has a market cap of $73.40 million, a price-to-earnings ratio of 1.01 and a beta of 0.84.

Canacol Energy (OTCMKTS:CNNEF) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.62) earnings per share for the quarter. The business had revenue of $94.57 million during the quarter.

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.