Short Interest in Canacol Energy Ltd (OTCMKTS:CNNEF) Declines By 46.6%

Canacol Energy Ltd (OTCMKTS:CNNEF) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 10,900 shares, a decline of 46.6% from the July 15th total of 20,400 shares. Based on an average daily volume of 5,500 shares, the short-interest ratio is currently 2.0 days.

Canacol Energy Stock Down 1.3 %

Shares of CNNEF traded down $0.04 during trading hours on Thursday, reaching $3.13. The stock had a trading volume of 2,012 shares, compared to its average volume of 12,117. Canacol Energy has a 52 week low of $2.91 and a 52 week high of $8.56. The firm has a 50-day moving average of $3.17 and a 200 day moving average of $3.55. The company has a market cap of $106.73 million, a P/E ratio of 1.48 and a beta of 0.85.

About Canacol Energy

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.