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

Kolibri Global Energy Inc. (NASDAQ:KGEIGet Free Report) was the target of a large increase in short interest in the month of 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. Based on an average daily volume of 21,400 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the shares of the company are short sold.

Kolibri Global Energy Stock Performance

KGEI traded down $0.25 during mid-day trading on Friday, reaching $6.62. 164,504 shares of the company traded hands, compared to its average volume of 32,322. The stock has a market capitalization of $235.41 million, a P/E ratio of 13.79, a P/E/G ratio of 0.79 and a beta of -0.02. Kolibri Global Energy has a 52-week low of $2.84 and a 52-week high of $7.00. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.17. The company’s fifty day moving average price is $4.96 and its 200-day moving average price is $3.87.

Institutional Trading of Kolibri Global Energy

An institutional investor recently bought a new position in Kolibri Global Energy stock. National Bank of Canada FI purchased a new stake in shares of Kolibri Global Energy Inc. (NASDAQ:KGEIFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 43,808 shares of the company’s stock, valued at approximately $140,000. National Bank of Canada FI owned about 0.12% of Kolibri Global Energy as of its most recent SEC filing. 27.26% of the stock is owned by hedge funds and other institutional investors.

About Kolibri Global Energy

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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.

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