Short Interest in Kolibri Global Energy Inc. (NASDAQ:KGEI) Increases By 78.8%

Kolibri Global Energy Inc. (NASDAQ:KGEI) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 126,400 shares, a growth of 78.8% from the February 28th total of 70,700 shares. Based on an average trading volume of 126,900 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. TFG Asset Management GP Ltd boosted its stake in Kolibri Global Energy by 37.7% in the 4th quarter. TFG Asset Management GP Ltd now owns 9,739,635 shares of the company’s stock valued at $51,815,000 after buying an additional 2,669,067 shares in the last quarter. Millennium Management LLC grew its holdings in Kolibri Global Energy by 47.0% during the 4th quarter. Millennium Management LLC now owns 62,992 shares of the company’s stock worth $335,000 after acquiring an additional 20,135 shares during the last quarter. 683 Capital Management LLC acquired a new stake in Kolibri Global Energy in the 4th quarter valued at about $364,000. Truffle Hound Capital LLC bought a new position in shares of Kolibri Global Energy in the fourth quarter worth about $2,660,000. Finally, National Bank of Canada FI acquired a new position in shares of Kolibri Global Energy during the third quarter worth approximately $140,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Kolibri Global Energy Stock Performance

Shares of KGEI traded up $0.17 during mid-day trading on Friday, hitting $8.33. The company’s stock had a trading volume of 128,502 shares, compared to its average volume of 52,597. The stock’s 50-day moving average is $7.80 and its two-hundred day moving average is $5.44. The firm has a market capitalization of $295.69 million, a PE ratio of 17.35, a price-to-earnings-growth ratio of 0.81 and a beta of 0.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.67 and a current ratio of 0.67. Kolibri Global Energy has a one year low of $2.85 and a one year high of $9.89.

Kolibri Global Energy (NASDAQ:KGEI) last issued its quarterly earnings results on Tuesday, March 25th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Kolibri Global Energy had a return on equity of 9.18% and a net margin of 31.60%. The firm had revenue of $17.37 million for the quarter, compared to analyst estimates of $25.76 million. As a group, sell-side analysts anticipate that Kolibri Global Energy will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Roth Mkm upped their price objective on shares of Kolibri Global Energy from $6.75 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th.

Kolibri Global Energy Company Profile

Kolibri Global Energy Inc engages in the finding and exploiting oil, gas, and clean and sustainable energy in the United States. It sells crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc and changed its name to Kolibri Global Energy Inc in November 2020.