Short Interest in Kolibri Global Energy Inc. (NASDAQ:KGEI) Expands By 6.5%

Kolibri Global Energy Inc. (NASDAQ:KGEIGet Free Report) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 8,200 shares, an increase of 6.5% from the February 29th total of 7,700 shares. Based on an average trading volume of 10,600 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Kolibri Global Energy

Several large investors have recently modified their holdings of the stock. TFG Asset Management GP Ltd purchased a new stake in shares of Kolibri Global Energy in the fourth quarter valued at $26,926,000. UBS Group AG purchased a new stake in shares of Kolibri Global Energy in the fourth quarter valued at $3,367,000. Russell Investments Group Ltd. purchased a new stake in shares of Kolibri Global Energy in the fourth quarter valued at $316,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Kolibri Global Energy in the fourth quarter valued at $38,000. 27.26% of the stock is owned by institutional investors.

Kolibri Global Energy Price Performance

KGEI opened at $3.12 on Thursday. The stock’s fifty day moving average is $3.22. Kolibri Global Energy has a fifty-two week low of $2.84 and a fifty-two week high of $5.02.

Kolibri Global Energy Company Profile

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Kolibri Global Energy Inc engages in the exploration, development, production, and marketing of oil, gas clean and sustainable energy in the United States. It produces 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.

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