Cogeco Communications Inc. (OTCMKTS:CGEAF – Get Free Report) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 201,521 shares, a decline of 38.2% from the July 15th total of 326,019 shares. Based on an average trading volume of 21,310 shares, the short-interest ratio is currently 9.5 days.
Cogeco Communications Stock Performance
CGEAF opened at $43.55 on Tuesday. The firm’s 50-day moving average price is $44.60 and its 200-day moving average price is $47.43. Cogeco Communications has a 52-week low of $39.22 and a 52-week high of $56.01.
About Cogeco Communications
Cogeco Communications Inc is a Canadian telecommunications company that provides broadband internet, cable television and telephony services to both residential and business customers. The company’s operations are structured around two primary networks: its Canadian footprint serving markets across Ontario and Quebec, and Atlantic Broadband, its U.S. cable subsidiary operating in several states along the East Coast. Leveraging a combination of fiber-optic and hybrid fiber-coaxial infrastructure, Cogeco Communications delivers high-speed internet access, digital video, voice-over-IP and managed network solutions.
Founded in 1957 and headquartered in Montreal, Quebec, Cogeco Communications has expanded through organic growth and strategic acquisitions.
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