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

Canacol Energy Ltd (OTCMKTS:CNNEF) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 48,900 shares, an increase of 297.6% from the January 15th total of 12,300 shares. Based on an average daily trading volume, of 5,100 shares, the days-to-cover ratio is currently 9.6 days.

Canacol Energy Trading Down 6.2 %

Shares of CNNEF stock traded down $0.17 on Thursday, reaching $2.58. 3,550 shares of the company’s stock were exchanged, compared to its average volume of 2,256. The company’s fifty day simple moving average is $2.62 and its 200 day simple moving average is $2.62. Canacol Energy has a 52 week low of $1.99 and a 52 week high of $4.55. The stock has a market capitalization of $88.03 million, a PE ratio of 3.85 and a beta of 0.93.

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.