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Short Interest in Kolibri Global Energy Inc. (NASDAQ:KGEI) Declines By 33.3%

Kolibri Global Energy logo with Oils/Energy background

Kolibri Global Energy Inc. (NASDAQ:KGEI - Get Free Report) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 11,400 shares, a drop of 33.3% from the November 30th total of 17,100 shares. Based on an average daily volume of 16,600 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Kolibri Global Energy

An institutional investor recently bought a new position in Kolibri Global Energy stock. National Bank of Canada FI purchased a new position in shares of Kolibri Global Energy Inc. (NASDAQ:KGEI - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,808 shares of the company's stock, valued at approximately $140,000. National Bank of Canada FI owned approximately 0.12% of Kolibri Global Energy as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 27.26% of the company's stock.

Kolibri Global Energy Price Performance

Shares of Kolibri Global Energy stock traded up $0.02 during trading on Monday, reaching $5.44. 16,240 shares of the company's stock were exchanged, compared to its average volume of 20,212. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.67 and a current ratio of 0.67. Kolibri Global Energy has a 1-year low of $2.84 and a 1-year high of $5.84. The company has a market cap of $193.46 million, a P/E ratio of 11.33, a PEG ratio of 0.90 and a beta of 0.93. The firm's 50-day moving average price is $4.17 and its 200 day moving average price is $3.60.

About Kolibri Global Energy

(Get Free Report)

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.

Further Reading

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