Canacol Energy Ltd (OTCMKTS:CNNEF) Short Interest Down 57.4% in March

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

Canacol Energy Stock Performance

OTCMKTS:CNNEF traded up $0.01 on Tuesday, reaching $2.56. The company's stock had a trading volume of 1,500 shares, compared to its average volume of 4,411. Canacol Energy has a 1-year low of $1.99 and a 1-year high of $3.98. The business's 50-day moving average price is $2.63 and its two-hundred day moving average price is $2.55. The firm has a market cap of $87.35 million, a PE ratio of -2.67 and a beta of 0.99.

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