Canacol Energy Ltd (OTCMKTS:CNNEF) Short Interest Update

Canacol Energy Ltd (OTCMKTS:CNNEF) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 42,800 shares, an increase of 28.9% from the March 31st total of 33,200 shares. Based on an average trading volume of 7,400 shares, the days-to-cover ratio is currently 5.8 days. Currently, 0.1% of the shares of the stock are sold short.

Canacol Energy Stock Down 0.5 %

Shares of CNNEF stock opened at $2.09 on Friday. The business has a 50-day moving average price of $2.46 and a two-hundred day moving average price of $2.51. Canacol Energy has a 12-month low of $1.99 and a 12-month high of $3.98. The firm has a market cap of $71.27 million, a P/E ratio of -2.18 and a beta of 0.93.

Canacol Energy (OTCMKTS:CNNEF) last released its earnings results on Thursday, March 20th. The company reported ($0.75) earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($1.65). The company had revenue of $98.34 million during the quarter, compared to the consensus estimate of $138.92 million.

About Canacol Energy

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.