Canacol Energy Ltd (OTCMKTS:CNNEF) Sees Significant Decline in Short Interest

Canacol Energy Ltd (OTCMKTS:CNNEF) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 2,800 shares, a decrease of 24.3% from the September 30th total of 3,700 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is presently 0.8 days.

Canacol Energy Price Performance

Canacol Energy stock traded up $0.01 during midday trading on Tuesday, hitting $2.15. 8,936 shares of the company were exchanged, compared to its average volume of 10,605. Canacol Energy has a fifty-two week low of $2.02 and a fifty-two week high of $5.90. The company’s fifty day moving average price is $2.57 and its 200-day moving average price is $3.05. The company has a market cap of $73.40 million, a PE ratio of 1.01 and a beta of 0.84.

Canacol Energy (OTCMKTS:CNNEF) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.62) earnings per share (EPS) for the quarter. The company had revenue of $94.57 million during the quarter.

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.