Short Interest in Gran Tierra Energy Inc. (NYSE:GTE) Expands By 35.7%

Key Points

• Gran Tierra Energy Inc. experienced a significant increase in short interest, rising 35.7% in August to reach a total of 1,060,000 shares.
• The company's stock is currently trading at $3.85, with a market cap of $135.87 million and a PE ratio of 2.69.
• Recent analyst ratings have categorized Gran Tierra Energy with an average "Moderate Buy," with one rating of "Buy" and one of "Hold."

Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 1,060,000 shares, a growth of 35.7% from the July 31st total of 781,200 shares. Based on an average trading volume of 315,500 shares, the short-interest ratio is presently 3.4 days. Approximately 3.4% of the shares of the company are short sold. Approximately 3.4% of the shares of the company are short sold. Based on an average trading volume of 315,500 shares, the short-interest ratio is presently 3.4 days.

Gran Tierra Energy Stock Performance

NYSE:GTE traded down $0.09 on Friday, reaching $3.86. 143,019 shares of the company's stock were exchanged, compared to its average volume of 287,994. The firm has a market cap of $136.22 million, a price-to-earnings ratio of 2.70 and a beta of 0.86. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19. The stock has a fifty day simple moving average of $4.20 and a 200-day simple moving average of $4.56. Gran Tierra Energy has a 52 week low of $3.34 and a 52 week high of $8.19.

Gran Tierra Energy (NYSE:GTE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported ($0.36) EPS for the quarter, beating analysts' consensus estimates of ($0.43) by $0.07. Gran Tierra Energy had a net margin of 7.17% and a return on equity of 11.36%. During the same quarter in the previous year, the company posted $1.16 EPS.

Analyst Ratings Changes

Separately, Raymond James Financial assumed coverage on Gran Tierra Energy in a research note on Friday, June 20th. They issued a "market perform" rating on the stock. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Hedge Funds Weigh In On Gran Tierra Energy

A number of large investors have recently made changes to their positions in GTE. Equinox Partners Investment Management LLC raised its stake in shares of Gran Tierra Energy by 37.2% during the 2nd quarter. Equinox Partners Investment Management LLC now owns 5,097,688 shares of the company's stock valued at $24,316,000 after purchasing an additional 1,381,574 shares during the period. Encompass Capital Advisors LLC grew its holdings in Gran Tierra Energy by 33.4% during the 1st quarter. Encompass Capital Advisors LLC now owns 2,500,589 shares of the company's stock valued at $12,328,000 after buying an additional 625,562 shares in the last quarter. LM Asset IM Inc. increased its position in shares of Gran Tierra Energy by 13.4% during the second quarter. LM Asset IM Inc. now owns 1,945,800 shares of the company's stock valued at $9,281,000 after buying an additional 229,200 shares during the period. American Century Companies Inc. increased its position in shares of Gran Tierra Energy by 8.2% during the second quarter. American Century Companies Inc. now owns 1,409,583 shares of the company's stock valued at $6,724,000 after buying an additional 106,478 shares during the period. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of Gran Tierra Energy by 1.1% in the first quarter. Bridgeway Capital Management LLC now owns 558,374 shares of the company's stock worth $2,753,000 after buying an additional 6,219 shares in the last quarter. 31.70% of the stock is owned by institutional investors.

About Gran Tierra Energy

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.