Short Interest in Gibson Energy Inc. (OTCMKTS:GBNXF) Declines By 10.2%

Gibson Energy Inc. (OTCMKTS:GBNXF) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 4,152,800 shares, a decrease of 10.2% from the January 15th total of 4,622,900 shares. Based on an average daily volume of 8,400 shares, the days-to-cover ratio is currently 494.4 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company lowered Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, TD Securities upgraded shares of Gibson Energy to a “hold” rating in a research report on Tuesday, January 14th.

Gibson Energy Stock Performance

GBNXF traded down $0.18 during midday trading on Monday, hitting $16.69. 21,713 shares of the company traded hands, compared to its average volume of 7,723. The company’s 50-day moving average is $17.30 and its 200 day moving average is $16.74. Gibson Energy has a 52 week low of $13.13 and a 52 week high of $18.92. The firm has a market capitalization of $2.72 billion, a PE ratio of 17.57 and a beta of 0.91. The company has a quick ratio of 0.60, a current ratio of 0.70 and a debt-to-equity ratio of 2.38.

Gibson Energy Company Profile

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.