Canacol Energy Ltd (OTCMKTS:CNNEF) Short Interest Update

Canacol Energy Ltd (OTCMKTS:CNNEF) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 14,100 shares, a decline of 57.4% from the February 28th total of 33,100 shares. Based on an average daily trading volume, of 8,400 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.0% of the shares of the stock are sold short.

Canacol Energy Price Performance

Shares of CNNEF traded down $0.08 during midday trading on Friday, hitting $2.54. 6,600 shares of the company traded hands, compared to its average volume of 4,437. Canacol Energy has a one year low of $1.99 and a one year high of $3.98. The firm has a market cap of $86.60 million, a P/E ratio of -2.64 and a beta of 0.99. The stock has a 50-day moving average of $2.63 and a 200-day moving average of $2.55.

Canacol Energy (OTCMKTS:CNNEF) last posted its earnings results on Thursday, March 20th. The company reported ($0.75) earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($1.65). The company had revenue of $98.34 million for the quarter, compared to analyst estimates of $138.92 million.

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.