Short Interest in Cogeco Inc. (OTCMKTS:CGECF) Grows By 23.0%

Cogeco Inc. (OTCMKTS:CGECF) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 233,200 shares, a growth of 23.0% from the January 31st total of 189,600 shares. Based on an average trading volume of 1,800 shares, the days-to-cover ratio is presently 129.6 days.

Cogeco Stock Down 4.0 %

OTCMKTS CGECF traded down $1.71 during trading on Friday, reaching $41.00. 100 shares of the stock traded hands, compared to its average volume of 1,452. Cogeco has a fifty-two week low of $33.85 and a fifty-two week high of $46.16. The stock’s 50-day moving average price is $39.57 and its 200 day moving average price is $40.76.

About Cogeco

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.