Cogeco Inc. (OTCMKTS:CGECF) Short Interest Update

Cogeco Inc. (OTCMKTS:CGECF) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 189,600 shares, an increase of 88.5% from the January 15th total of 100,600 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is currently 82.4 days.

Cogeco Stock Performance

Shares of Cogeco stock traded up $2.00 during trading on Friday, reaching $40.10. The company had a trading volume of 6,355 shares, compared to its average volume of 1,387. The firm’s fifty day moving average is $39.87 and its 200-day moving average is $40.55. Cogeco has a fifty-two week low of $33.85 and a fifty-two week high of $46.16.

Cogeco Company Profile

Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States.