Kolibri Global Energy Inc. (NASDAQ:KGEI) Sees Significant Decrease in Short Interest

Kolibri Global Energy Inc. (NASDAQ:KGEI - Get Free Report) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 147,600 shares, a decrease of 14.2% from the April 30th total of 172,000 shares. Approximately 0.5% of the company's shares are short sold. Based on an average daily volume of 121,500 shares, the short-interest ratio is presently 1.2 days.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Roth Mkm upped their target price on shares of Kolibri Global Energy from $6.75 to $11.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Wall Street Zen downgraded shares of Kolibri Global Energy from a "buy" rating to a "hold" rating in a research note on Saturday, May 31st.

Hedge Funds Weigh In On Kolibri Global Energy

Hedge funds have recently added to or reduced their stakes in the stock. Truffle Hound Capital LLC purchased a new stake in shares of Kolibri Global Energy in the 4th quarter worth approximately $2,660,000. TFG Asset Management GP Ltd lifted its position in shares of Kolibri Global Energy by 37.7% in the 4th quarter. TFG Asset Management GP Ltd now owns 9,739,635 shares of the company's stock worth $51,815,000 after purchasing an additional 2,669,067 shares during the period. 683 Capital Management LLC purchased a new stake in shares of Kolibri Global Energy in the 4th quarter worth approximately $364,000. Jane Street Group LLC purchased a new stake in shares of Kolibri Global Energy in the 1st quarter worth approximately $986,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Kolibri Global Energy in the 1st quarter worth approximately $919,000. 27.26% of the stock is currently owned by institutional investors.

Kolibri Global Energy Trading Up 1.5%

KGEI stock traded up $0.10 during mid-day trading on Friday, reaching $6.82. The company had a trading volume of 74,388 shares, compared to its average volume of 62,277. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $241.76 million, a PE ratio of 14.21, a price-to-earnings-growth ratio of 0.81 and a beta of 0.17. The firm has a 50 day moving average of $6.81 and a 200 day moving average of $6.70. Kolibri Global Energy has a 12 month low of $2.85 and a 12 month high of $9.89.

Kolibri Global Energy (NASDAQ:KGEI - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $16.37 million for the quarter, compared to the consensus estimate of $25.32 million. Kolibri Global Energy had a net margin of 31.60% and a return on equity of 9.18%. On average, equities analysts predict that Kolibri Global Energy will post 0.48 earnings per share for the current fiscal year.

About Kolibri Global Energy

Kolibri Global Energy Inc engages in the finding and exploiting oil, gas, and clean and sustainable energy in the United States. It sells crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc and changed its name to Kolibri Global Energy Inc in November 2020.