Canacol Energy Ltd (OTCMKTS:CNNEF) Short Interest Up 340.0% in November

Canacol Energy Ltd (OTCMKTS:CNNEF) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 6,600 shares, an increase of 340.0% from the October 31st total of 1,500 shares. Based on an average daily volume of 27,700 shares, the days-to-cover ratio is presently 0.2 days.

Canacol Energy Stock Performance

Shares of CNNEF traded down $0.04 during midday trading on Friday, hitting $2.71. 1,045 shares of the company traded hands, compared to its average volume of 11,022. Canacol Energy has a 52 week low of $1.99 and a 52 week high of $5.90. The firm has a 50 day moving average of $2.41 and a 200-day moving average of $2.87. The stock has a market cap of $92.44 million, a price-to-earnings ratio of 4.04 and a beta of 0.86.

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.