Cogeco Inc. (OTCMKTS:CGECF) Sees Large Decrease in Short Interest

Cogeco Inc. (OTCMKTS:CGECF) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 95,700 shares, a decline of 5.8% from the August 15th total of 101,600 shares. Based on an average daily volume of 300 shares, the short-interest ratio is presently 319.0 days.

Cogeco Stock Up 0.2 %

Shares of Cogeco stock opened at $41.10 on Wednesday. Cogeco has a 52-week low of $33.35 and a 52-week high of $45.88. The firm’s 50 day moving average price is $39.10 and its 200-day moving average price is $38.87.

Cogeco Company Profile

Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States.