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

Canacol Energy Ltd (OTCMKTS:CNNEF) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 48,900 shares, an increase of 297.6% from the January 15th total of 12,300 shares. Based on an average trading volume of 5,100 shares, the days-to-cover ratio is presently 9.6 days.

Canacol Energy Trading Down 6.2 %

Shares of Canacol Energy stock traded down $0.17 on Thursday, hitting $2.58. 3,550 shares of the company traded hands, compared to its average volume of 2,256. Canacol Energy has a 52 week low of $1.99 and a 52 week high of $4.55. The company has a market cap of $88.03 million, a PE ratio of 3.85 and a beta of 0.93. The stock’s 50 day moving average price is $2.62 and its 200-day moving average price is $2.62.

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.