Kolibri Global Energy Inc. (NASDAQ:KGEI) Short Interest Update

Kolibri Global Energy Inc. (NASDAQ:KGEI - Get Free Report) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 126,400 shares, an increase of 78.8% from the February 28th total of 70,700 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 126,900 shares, the short-interest ratio is currently 1.0 days.

Analyst Ratings Changes

Separately, Roth Mkm lifted their price objective on Kolibri Global Energy from $6.75 to $11.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th.

Kolibri Global Energy Stock Performance

KGEI stock traded down $0.27 during midday trading on Wednesday, reaching $8.58. 123,616 shares of the company's stock traded hands, compared to its average volume of 53,823. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.17. Kolibri Global Energy has a 52-week low of $2.85 and a 52-week high of $9.89. The stock has a market cap of $304.56 million, a P/E ratio of 17.88, a PEG ratio of 0.81 and a beta of 0.10. The stock's 50-day moving average is $7.88 and its 200 day moving average is $5.55.

Kolibri Global Energy (NASDAQ:KGEI - Get Free Report) last announced its earnings results on Tuesday, March 25th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $17.37 million for the quarter, compared to analysts' expectations of $25.76 million. Kolibri Global Energy had a return on equity of 9.18% and a net margin of 31.60%. As a group, analysts anticipate that Kolibri Global Energy will post 0.48 EPS for the current year.

Institutional Investors Weigh In On Kolibri Global Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TFG Asset Management GP Ltd raised its position in shares of Kolibri Global Energy by 37.7% during the 4th quarter. TFG Asset Management GP Ltd now owns 9,739,635 shares of the company's stock valued at $51,815,000 after purchasing an additional 2,669,067 shares during the period. Truffle Hound Capital LLC purchased a new stake in shares of Kolibri Global Energy during the fourth quarter worth about $2,660,000. 683 Capital Management LLC bought a new stake in Kolibri Global Energy during the 4th quarter valued at approximately $364,000. National Bank of Canada FI purchased a new position in Kolibri Global Energy in the 3rd quarter worth approximately $140,000. Finally, Millennium Management LLC raised its position in shares of Kolibri Global Energy by 47.0% during the fourth quarter. Millennium Management LLC now owns 62,992 shares of the company's stock valued at $335,000 after buying an additional 20,135 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

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.