Short Interest in Canacol Energy Ltd (OTCMKTS:CNNEF) Expands By 29.1%

Key Points

• Short interest in Canacol Energy Ltd increased by 29.1% in August, rising to 39,500 shares from 30,600 shares.
• The company reported an earnings per share (EPS) of $0.41 for the quarter, missing the consensus estimate of $0.90 by ($0.49).
• Shares of Canacol Energy opened at $2.04, with a market capitalization of $69.56 million and a PE ratio of 2.29.

Canacol Energy Ltd (OTCMKTS:CNNEF - Get Free Report) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 39,500 shares, a growth of 29.1% from the August 15th total of 30,600 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 50,500 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 50,500 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the shares of the stock are short sold.

Canacol Energy Stock Performance

Shares of CNNEF stock traded up $0.06 during trading hours on Friday, reaching $2.12. The company had a trading volume of 52,000 shares, compared to its average volume of 14,770. The stock has a fifty day moving average of $1.61 and a 200-day moving average of $1.99. The company has a market capitalization of $72.29 million, a price-to-earnings ratio of 2.38 and a beta of 0.98. Canacol Energy has a 12-month low of $1.16 and a 12-month high of $3.19.

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

Canacol Energy Company Profile

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.