Headwater Exploration Inc. (OTCMKTS:CDDRF) Short Interest Update

Headwater Exploration Inc. (OTCMKTS:CDDRF) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 1,386,829 shares, a decline of 35.8% from the April 15th total of 2,159,547 shares. Based on an average trading volume of 70,149 shares, the short-interest ratio is currently 19.8 days.

Headwater Exploration Stock Performance

OTCMKTS:CDDRF opened at $9.65 on Monday. The stock’s 50-day moving average is $9.19 and its 200-day moving average is $7.84. Headwater Exploration has a 1-year low of $4.26 and a 1-year high of $10.09.

Analyst Ratings Changes

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Headwater Exploration in a report on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Headwater Exploration Company Profile

Headwater Exploration Inc engages in the exploration, development, and production of petroleum and natural gas in Canada. It holds interest in the Marten Hills area located in Alberta, and McCully Field area located in New Brunswick. The company was formerly known as Corridor Resources Inc and changed its name to Headwater Exploration Inc in March 2020. Headwater Exploration Inc incorporated in 1996 and is headquartered in Calgary, Canada.