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

Canacol Energy Ltd (OTCMKTS:CNNEF) was the recipient of a significant increase in short interest during 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 currently 9.6 days.

Canacol Energy Stock Performance

OTCMKTS CNNEF traded down $0.01 on Wednesday, hitting $2.75. 100 shares of the stock traded hands, compared to its average volume of 2,204. The business’s fifty day moving average is $2.63 and its two-hundred day moving average is $2.63. Canacol Energy has a 12 month low of $1.99 and a 12 month high of $4.55. The firm has a market capitalization of $93.86 million, a price-to-earnings ratio of 4.11 and a beta of 0.93.

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.