Short Interest in Canacol Energy Ltd (OTCMKTS:CNNEF) Decreases By 28.8%

Canacol Energy Ltd (OTCMKTS:CNNEF) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 34,800 shares, a decrease of 28.8% from the January 31st total of 48,900 shares. Based on an average daily volume of 5,600 shares, the short-interest ratio is presently 6.2 days.

Canacol Energy Trading Down 4.9 %

Shares of OTCMKTS CNNEF traded down $0.13 during midday trading on Tuesday, reaching $2.54. 5,920 shares of the stock were exchanged, compared to its average volume of 2,506. The company has a market capitalization of $86.66 million, a P/E ratio of 3.79 and a beta of 0.93. Canacol Energy has a 52-week low of $1.99 and a 52-week high of $4.55. The stock has a 50 day moving average price of $2.61 and a 200-day moving average price of $2.58.

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.