Cogeco Communications Inc. (OTCMKTS:CGEAF) Sees Significant Growth in Short Interest

Cogeco Communications Inc. (OTCMKTS:CGEAF) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 799,800 shares, an increase of 5.1% from the January 15th total of 761,300 shares. Based on an average daily volume of 7,500 shares, the short-interest ratio is presently 106.6 days.

Cogeco Communications Price Performance

Shares of OTCMKTS:CGEAF opened at $44.64 on Tuesday. Cogeco Communications has a 12-month low of $37.50 and a 12-month high of $52.00. The business has a fifty day simple moving average of $45.60 and a 200 day simple moving average of $47.87.

About Cogeco Communications

Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.