Short Interest in Kolibri Global Energy Inc. (NASDAQ:KGEI) Grows By 14.9%

Kolibri Global Energy Inc. (NASDAQ:KGEI) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 13,100 shares, an increase of 14.9% from the December 15th total of 11,400 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 21,400 shares, the days-to-cover ratio is currently 0.6 days.

Kolibri Global Energy Price Performance

NASDAQ:KGEI opened at $6.62 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.67 and a current ratio of 0.67. The company has a 50-day moving average of $4.96 and a 200-day moving average of $3.87. Kolibri Global Energy has a 52 week low of $2.84 and a 52 week high of $7.00. The company has a market capitalization of $235.41 million, a price-to-earnings ratio of 13.79, a PEG ratio of 0.79 and a beta of -0.02.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Kolibri Global Energy stock. National Bank of Canada FI bought a new position in Kolibri Global Energy Inc. (NASDAQ:KGEI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 43,808 shares of the company’s stock, valued at approximately $140,000. National Bank of Canada FI owned approximately 0.12% of Kolibri Global Energy at the end of the most recent quarter. 27.26% of the stock is owned by institutional investors.

About Kolibri Global Energy

Kolibri Global Energy Inc engages in the finding and exploiting oil, gas, and clean and sustainable energy in the United States. It sells 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.