Canacol Energy Ltd (OTCMKTS:CNNEF) Short Interest Update

Key Points

• Canacol Energy Ltd experienced a significant increase in short interest, rising by 325.1% to 167,900 shares in September compared to 39,500 shares on August 31st.
• The company's stock has shown volatility, with a one-year low of $1.16 and a high of $3.19, currently priced at $1.82.
• In its last quarterly earnings report, Canacol reported an EPS of $0.41, falling short of analysts' expectations of $0.90.

Canacol Energy Ltd (OTCMKTS:CNNEF - Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 167,900 shares, an increase of 325.1% from the August 31st total of 39,500 shares. Based on an average daily trading volume, of 165,700 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 165,700 shares, the short-interest ratio is currently 1.0 days.

Canacol Energy Price Performance

Shares of Canacol Energy stock opened at $1.82 on Thursday. Canacol Energy has a one year low of $1.16 and a one year high of $3.19. The business's 50 day simple moving average is $1.65 and its two-hundred day simple moving average is $1.95. The stock has a market capitalization of $62.20 million, a P/E ratio of 2.05 and a beta of 0.98.

Canacol Energy (OTCMKTS:CNNEF - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.90 by ($0.49). The company had revenue of $64.81 million for the quarter, compared to the consensus estimate of $77.00 million.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.