Crew Energy Inc. (OTCMKTS:CWEGF) Sees Large Growth in Short Interest

Crew Energy Inc. (OTCMKTS:CWEGF) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,253,300 shares, an increase of 10.5% from the March 15th total of 1,134,300 shares. Based on an average daily volume of 30,600 shares, the days-to-cover ratio is presently 41.0 days.

Analyst Ratings Changes

Separately, BMO Capital Markets reaffirmed a “market perform” rating and issued a $5.25 price objective on shares of Crew Energy in a research report on Tuesday, April 9th.

Crew Energy Price Performance

Shares of OTCMKTS CWEGF traded down $0.11 during mid-day trading on Tuesday, hitting $3.34. The company had a trading volume of 36,950 shares, compared to its average volume of 37,071. Crew Energy has a 1 year low of $2.76 and a 1 year high of $4.90. The stock’s 50-day moving average price is $3.30 and its 200-day moving average price is $3.58.

About Crew Energy

Crew Energy Inc engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids (NGL) in Canada. The company's principal properties include Montney oil and liquids-rich natural gas assets comprising Septimus, West Septimus, Groundbirch, and Monias and Tower located in the northeast British Columbia.