Canacol Energy Ltd (OTCMKTS:CNNEF) Sees Large Decline in Short Interest

Canacol Energy Ltd (OTCMKTS:CNNEF) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 200 shares, a decline of 66.7% from the November 30th total of 600 shares. Based on an average daily volume of 27,700 shares, the days-to-cover ratio is presently 0.0 days.

Canacol Energy Price Performance

Shares of OTCMKTS:CNNEF traded down $0.19 during trading on Thursday, hitting $2.40. The company had a trading volume of 11,497 shares, compared to its average volume of 11,117. The company has a fifty day simple moving average of $2.48 and a two-hundred day simple moving average of $2.77. Canacol Energy has a one year low of $1.99 and a one year high of $5.55. The stock has a market cap of $81.88 million, a price-to-earnings ratio of 3.58 and a beta of 0.95.

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.