Headwater Exploration Inc. (OTCMKTS:CDDRF) Stock Short Interest Report for September

Headwater Exploration Inc. (OTCMKTS:CDDRF) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 3,055,511 shares, a growth of 73.9% from the September 15th total of 1,757,155 shares. Based on an average daily volume of 424,855 shares, the short-interest ratio is currently 7.2 days.

Headwater Exploration Trading Up 2.7%

OTCMKTS:CDDRF traded up $0.27 during mid-day trading on Friday, hitting $10.35. The company had a trading volume of 449,628 shares, compared to its average volume of 102,497. The business’s fifty day moving average is $9.92 and its two-hundred day moving average is $9.37. Headwater Exploration has a fifty-two week low of $4.84 and a fifty-two week high of $10.58.

Analyst Ratings Changes

CDDRF has been the subject of a number of recent research reports. Royal Bank Of Canada restated a “sector perform” rating on shares of Headwater Exploration in a research note on Monday, July 27th. Raymond James Financial reaffirmed a “market perform” rating on shares of Headwater Exploration in a research note on Wednesday, September 16th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Headwater Exploration in a report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Headwater Exploration has an average rating of “Moderate Buy”.

About Headwater Exploration

Headwater Exploration Inc is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on developing conventional petroleum assets in Western Canada, with an emphasis on oil-weighted opportunities and efficient, repeatable drilling programs.

Headwater’s operations are primarily located in Alberta, including its Clearwater-area properties in the province’s heavy-oil region. Its activities include land acquisition, geological evaluation, drilling, completion, production, and the development of related infrastructure.