Short Interest in Kolibri Global Energy Inc. (NASDAQ:KGEI) Increases By 35.7%

Posted by Scott Moore on Jul 29th, 2024

Kolibri Global Energy Inc. (NASDAQ:KGEI – Get Free Report) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 11,400 shares, an increase of 35.7% from the June 30th total of 8,400 shares. Based on an average daily trading volume, of 18,200 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the company’s shares are short sold.

Kolibri Global Energy Trading Down 1.4 %

Shares of KGEI opened at $3.45 on Monday. Kolibri Global Energy has a 12-month low of $2.84 and a 12-month high of $5.01. The business’s fifty day moving average is $3.44 and its 200 day moving average is $3.31.

Kolibri Global Energy (NASDAQ:KGEI – Get Free Report) last issued its earnings results on Monday, May 13th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The company had revenue of $14.29 million during the quarter, compared to the consensus estimate of $14.20 million. On average, equities research analysts expect that Kolibri Global Energy will post 0.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Kolibri Global Energy

Large investors have recently modified their holdings of the company. Stratos Wealth Partners LTD. bought a new position in shares of Kolibri Global Energy in the 4th quarter worth $38,000. Russell Investments Group Ltd. bought a new position in shares of Kolibri Global Energy in the 4th quarter worth $316,000. Finally, TFG Asset Management GP Ltd bought a new position in Kolibri Global Energy during the 4th quarter valued at $26,926,000. 27.26% of the stock is currently owned by institutional investors.

About Kolibri Global Energy

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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.