Short Interest in Cogeco Communications Inc. (OTCMKTS:CGEAF) Increases By 6.1%

Cogeco Communications Inc. (OTCMKTS:CGEAFGet Free Report) was the recipient of a significant increase in short interest in February. As of February 29th, there was short interest totalling 593,900 shares, an increase of 6.1% from the February 14th total of 560,000 shares. Based on an average trading volume of 7,600 shares, the days-to-cover ratio is presently 78.1 days.

Cogeco Communications Price Performance

Shares of CGEAF remained flat at $44.02 during mid-day trading on Tuesday. 3,326 shares of the stock traded hands, compared to its average volume of 7,447. Cogeco Communications has a 12-month low of $37.15 and a 12-month high of $52.99. The firm’s fifty day simple moving average is $45.04 and its 200 day simple moving average is $43.93.

About Cogeco Communications

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Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.

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