Kolibri Global Energy Inc. (NASDAQ:KGEI) Short Interest Up 78.8% in March

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

Kolibri Global Energy Stock Up 2.2 %

KGEI stock traded up $0.19 during midday trading on Monday, hitting $8.52. 69,775 shares of the company's stock were exchanged, compared to its average volume of 143,773. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average price of $7.80 and a 200-day moving average price of $5.47. The stock has a market capitalization of $302.26 million, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 0.81 and a beta of 0.10. Kolibri Global Energy has a 12-month low of $2.85 and a 12-month high of $9.89.

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

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Wall Street Analyst Weigh In

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

Institutional Trading of Kolibri Global Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Truffle Hound Capital LLC bought a new stake in shares of Kolibri Global Energy in the 4th quarter valued at approximately $2,660,000. National Bank of Canada FI bought a new stake in Kolibri Global Energy during the third quarter valued at $140,000. Millennium Management LLC raised its holdings 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 worth $335,000 after purchasing an additional 20,135 shares during the period. TFG Asset Management GP Ltd lifted its position in shares of Kolibri Global Energy by 37.7% in the 4th quarter. TFG Asset Management GP Ltd now owns 9,739,635 shares of the company's stock worth $51,815,000 after buying an additional 2,669,067 shares during the last quarter. Finally, 683 Capital Management LLC acquired a new position in shares of Kolibri Global Energy in the 4th quarter valued at about $364,000. Institutional investors and hedge funds own 27.26% of the company's stock.

About Kolibri Global Energy

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.