Canacol Energy Ltd (OTCMKTS:CNNEF) Sees Significant Drop in Short Interest

Canacol Energy Ltd (OTCMKTS:CNNEF) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 1,500 shares, a drop of 46.4% from the October 15th total of 2,800 shares. Based on an average trading volume of 18,100 shares, the days-to-cover ratio is presently 0.1 days.

Canacol Energy Stock Up 0.5 %

OTCMKTS:CNNEF traded up $0.01 on Thursday, reaching $2.18. The company’s stock had a trading volume of 29,072 shares, compared to its average volume of 10,889. The firm has a market cap of $74.36 million, a price-to-earnings ratio of 3.25 and a beta of 0.86. Canacol Energy has a 12-month low of $1.99 and a 12-month high of $5.90. The stock has a 50 day moving average price of $2.38 and a 200 day moving average price of $2.95.

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.