Kolibri Global Energy Inc. (NASDAQ:KGEI) Sees Significant Increase in Short Interest

Kolibri Global Energy Inc. (NASDAQ:KGEI - Get Free Report) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 73,800 shares, an increase of 91.7% from the January 15th total of 38,500 shares. Based on an average daily volume of 60,200 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.2% of the company's shares are short sold.

Institutional Trading of Kolibri Global Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC grew its position in shares of Kolibri Global Energy by 47.0% in the 4th quarter. Millennium Management LLC now owns 62,992 shares of the company's stock worth $335,000 after buying an additional 20,135 shares during the period. National Bank of Canada FI purchased a new stake in shares of Kolibri Global Energy in the 3rd quarter worth about $140,000. 683 Capital Management LLC purchased a new stake in shares of Kolibri Global Energy in the 4th quarter worth about $364,000. Finally, Truffle Hound Capital LLC purchased a new stake in shares of Kolibri Global Energy in the 4th quarter worth about $2,660,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Kolibri Global Energy Trading Up 0.9 %

Kolibri Global Energy stock traded up $0.08 during mid-day trading on Monday, reaching $8.55. 109,143 shares of the company traded hands, compared to its average volume of 121,396. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.67 and a quick ratio of 0.67. The firm's 50 day moving average price is $6.43 and its 200 day moving average price is $4.46. The firm has a market capitalization of $303.18 million, a price-to-earnings ratio of 17.81, a P/E/G ratio of 0.97 and a beta of 0.02. Kolibri Global Energy has a 52-week low of $2.85 and a 52-week high of $8.77.

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.