Canacol Energy Ltd (OTCMKTS:CNNEF) Short Interest Up 297.6% in January

Canacol Energy Ltd (OTCMKTS:CNNEF) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 48,900 shares, a growth of 297.6% from the January 15th total of 12,300 shares. Based on an average daily volume of 5,100 shares, the short-interest ratio is currently 9.6 days.

Canacol Energy Stock Performance

CNNEF traded down $0.01 during mid-day trading on Wednesday, reaching $2.75. 100 shares of the stock were exchanged, compared to its average volume of 2,204. The company has a 50 day moving average price of $2.63 and a two-hundred day moving average price of $2.63. Canacol Energy has a 1 year low of $1.99 and a 1 year high of $4.55. The stock has a market capitalization of $93.86 million, a PE ratio of 4.11 and a beta of 0.93.

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.