Short Interest in Canacol Energy Ltd (OTCMKTS:CNNEF) Grows By 135.5%

Canacol Energy Ltd (OTCMKTS:CNNEF - Get Free Report) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 33,200 shares, a growth of 135.5% from the March 15th total of 14,100 shares. Based on an average daily volume of 19,500 shares, the short-interest ratio is presently 1.7 days. Approximately 0.1% of the company's shares are short sold.

Canacol Energy Stock Performance

Shares of CNNEF traded down $0.06 during mid-day trading on Friday, hitting $2.25. 17,492 shares of the company's stock were exchanged, compared to its average volume of 4,539. The company has a market cap of $76.55 million, a price-to-earnings ratio of -2.34 and a beta of 0.93. The stock's 50-day moving average is $2.57 and its 200-day moving average is $2.54. Canacol Energy has a fifty-two week low of $1.99 and a fifty-two week high of $3.98.

Canacol Energy (OTCMKTS:CNNEF - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported ($0.75) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($1.65). The company had revenue of $98.34 million during the quarter, compared to analysts' expectations of $138.92 million.

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.