Kolibri Global Energy Inc. (NASDAQ:KGEI) Short Interest Up 78.8% in March

Kolibri Global Energy Inc. (NASDAQ:KGEI) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 126,400 shares, a growth of 78.8% from the February 28th total of 70,700 shares. Based on an average daily volume of 126,900 shares, the short-interest ratio is currently 1.0 days. Approximately 0.4% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Roth Mkm lifted their target price on Kolibri Global Energy from $6.75 to $11.00 and gave the company a “buy” rating in a report on Tuesday, February 18th.

Kolibri Global Energy Price Performance

Shares of NASDAQ:KGEI opened at $8.33 on Monday. Kolibri Global Energy has a 12 month low of $2.85 and a 12 month high of $9.89. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.17. The stock has a market cap of $295.69 million, a P/E ratio of 17.35, a P/E/G ratio of 0.81 and a beta of 0.10. The company has a 50 day moving average of $7.80 and a 200 day moving average of $5.47.

Kolibri Global Energy (NASDAQ:KGEI) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Kolibri Global Energy had a net margin of 31.60% and a return on equity of 9.18%. The firm had revenue of $17.37 million during the quarter, compared to analyst estimates of $25.76 million. As a group, sell-side analysts forecast that Kolibri Global Energy will post 0.48 EPS for the current fiscal year.

Institutional Trading of Kolibri Global Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Truffle Hound Capital LLC purchased a new position in shares of Kolibri Global Energy during the fourth quarter worth about $2,660,000. National Bank of Canada FI bought a new stake in Kolibri Global Energy during the third quarter valued at approximately $140,000. Millennium Management LLC grew its stake in Kolibri Global Energy by 47.0% in the 4th quarter. Millennium Management LLC now owns 62,992 shares of the company’s stock worth $335,000 after buying an additional 20,135 shares in the last quarter. TFG Asset Management GP Ltd increased its holdings in shares of Kolibri Global Energy by 37.7% in the 4th quarter. TFG Asset Management GP Ltd now owns 9,739,635 shares of the company’s stock worth $51,815,000 after buying an additional 2,669,067 shares during the last quarter. Finally, 683 Capital Management LLC purchased a new stake in shares of Kolibri Global Energy during the 4th quarter valued at $364,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Kolibri Global Energy Company Profile

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.