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

Canacol Energy Ltd (OTCMKTS:CNNEF) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 12,300 shares, a growth of 12,200.0% from the December 31st total of 100 shares. Based on an average trading volume of 1,600 shares, the short-interest ratio is currently 7.7 days.

Canacol Energy Stock Performance

Shares of Canacol Energy stock traded up $0.15 on Thursday, hitting $2.55. 5,800 shares of the company’s stock were exchanged, compared to its average volume of 1,883. The stock has a market capitalization of $87.01 million, a PE ratio of 3.81 and a beta of 0.93. Canacol Energy has a 1 year low of $1.99 and a 1 year high of $4.70. The company has a 50-day simple moving average of $2.64 and a 200-day simple moving average of $2.67.

Canacol Energy (OTCMKTS:CNNEF) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $94.54 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.