Short Interest in Kolibri Global Energy Inc. (NASDAQ:KGEI) Expands By 52.0%

Kolibri Global Energy Inc. (NASDAQ:KGEI) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 26,300 shares, an increase of 52.0% from the October 31st total of 17,300 shares. Based on an average daily trading volume, of 10,200 shares, the short-interest ratio is currently 2.6 days. Approximately 0.1% of the company’s shares are short sold.

Kolibri Global Energy Stock Performance

Shares of KGEI traded up $0.03 during mid-day trading on Friday, hitting $4.25. The stock had a trading volume of 853 shares, compared to its average volume of 18,208. The company’s fifty day simple moving average is $3.48 and its two-hundred day simple moving average is $3.37. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.17. The company has a market cap of $151.47 million and a PE ratio of 8.85. Kolibri Global Energy has a fifty-two week low of $2.84 and a fifty-two week high of $4.60.

Institutional Trading of Kolibri Global Energy

An institutional investor recently bought a new position in Kolibri Global Energy stock. National Bank of Canada FI purchased a new position in shares of Kolibri Global Energy Inc. (NASDAQ:KGEI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 43,808 shares of the company’s stock, valued at approximately $140,000. National Bank of Canada FI owned about 0.12% of Kolibri Global Energy as of its most recent SEC filing. Institutional investors own 27.26% of the company’s stock.

Kolibri Global Energy Company Profile

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.