Short Interest in Canacol Energy Ltd (OTCMKTS:CNNEF) Drops By 28.8%

Canacol Energy Ltd (OTCMKTS:CNNEF) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 34,800 shares, a drop of 28.8% from the January 31st total of 48,900 shares. Based on an average daily trading volume, of 5,600 shares, the days-to-cover ratio is currently 6.2 days.

Canacol Energy Trading Down 4.9 %

OTCMKTS:CNNEF traded down $0.13 during trading hours on Tuesday, hitting $2.54. The stock had a trading volume of 5,920 shares, compared to its average volume of 2,506. The business has a 50 day simple moving average of $2.61 and a two-hundred day simple moving average of $2.58. Canacol Energy has a 1-year low of $1.99 and a 1-year high of $4.55. The company has a market cap of $86.66 million, a PE ratio of 3.79 and a beta of 0.93.

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.