Canacol Energy Ltd (OTCMKTS:CNNEF) Sees Significant Decrease in Short Interest

Canacol Energy Ltd (OTCMKTS:CNNEF) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 100 shares, a decrease of 50.0% from the December 15th total of 200 shares. Based on an average daily volume of 12,700 shares, the short-interest ratio is presently 0.0 days.

Canacol Energy Price Performance

Shares of OTCMKTS CNNEF traded down $0.03 during mid-day trading on Wednesday, hitting $2.60. The company had a trading volume of 101 shares, compared to its average volume of 778. The firm’s 50 day simple moving average is $2.61 and its two-hundred day simple moving average is $2.72. The stock has a market cap of $88.70 million, a price-to-earnings ratio of 3.88 and a beta of 0.93. Canacol Energy has a 12 month low of $1.99 and a 12 month high of $5.09.

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.