Canacol Energy Ltd (OTCMKTS:CNNEF) Short Interest Down 73.2% in July

Canacol Energy Ltd (OTCMKTS:CNNEF) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 20,400 shares, a drop of 73.2% from the June 30th total of 76,000 shares. Based on an average daily trading volume, of 10,200 shares, the short-interest ratio is presently 2.0 days.

Canacol Energy Stock Performance

Shares of Canacol Energy stock traded down $0.02 on Thursday, hitting $3.10. 900 shares of the company traded hands, compared to its average volume of 13,018. The stock has a market capitalization of $105.71 million, a P/E ratio of 1.45 and a beta of 0.85. Canacol Energy has a 52 week low of $2.91 and a 52 week high of $9.30. The business has a 50-day simple moving average of $3.26 and a 200 day simple moving average of $3.73.

Canacol Energy (OTCMKTS:CNNEF) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $77.69 million for the quarter.

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.