Canacol Energy Ltd (OTCMKTS:CNNEF) Short Interest Down 46.4% in October

Canacol Energy Ltd (OTCMKTS:CNNEF) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 1,500 shares, a decline of 46.4% from the October 15th total of 2,800 shares. Based on an average daily volume of 18,100 shares, the short-interest ratio is currently 0.1 days.

Canacol Energy Price Performance

Shares of CNNEF traded down $0.03 during trading hours on Wednesday, hitting $2.17. 15,121 shares of the stock were exchanged, compared to its average volume of 10,802. Canacol Energy has a fifty-two week low of $1.99 and a fifty-two week high of $5.90. The business has a 50-day moving average of $2.39 and a 200-day moving average of $2.95. The firm has a market capitalization of $74.02 million, a P/E ratio of 3.28 and a beta of 0.86.

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.