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

Canacol Energy Ltd (OTCMKTS:CNNEF) saw a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 23,800 shares, an increase of 118.3% from the July 31st total of 10,900 shares. Based on an average trading volume of 7,500 shares, the short-interest ratio is currently 3.2 days.

Canacol Energy Stock Down 1.4 %

CNNEF traded down $0.04 during mid-day trading on Friday, reaching $2.75. 398 shares of the company traded hands, compared to its average volume of 11,781. The stock has a market capitalization of $93.78 million, a P/E ratio of 1.30 and a beta of 0.85. The company’s fifty day moving average price is $3.18 and its 200-day moving average price is $3.44. Canacol Energy has a 52-week low of $2.75 and a 52-week high of $8.56.

Canacol Energy (OTCMKTS:CNNEF) last announced its earnings results on Thursday, August 8th. The company reported ($0.62) earnings per share for the quarter. The business had revenue of $94.57 million for the quarter.

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.