Short Interest in Canacol Energy Ltd (OTCMKTS:CNNEF) Declines By 57.4%

Canacol Energy Ltd (OTCMKTS:CNNEF) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 14,100 shares, a decrease of 57.4% from the February 28th total of 33,100 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 8,400 shares, the short-interest ratio is currently 1.7 days.

Canacol Energy Trading Down 0.0 %

OTCMKTS:CNNEF opened at $2.61 on Friday. The firm has a fifty day simple moving average of $2.63 and a 200-day simple moving average of $2.55. The company has a market capitalization of $89.20 million, a P/E ratio of -2.72 and a beta of 0.99. Canacol Energy has a 12 month low of $1.99 and a 12 month high of $3.98.

Canacol Energy (OTCMKTS:CNNEF) last released its quarterly earnings results on Thursday, March 20th. The company reported ($0.75) EPS for the quarter, missing the consensus estimate of $0.90 by ($1.65). The company had revenue of $98.34 million for the quarter, compared to the consensus estimate of $138.92 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.