Kolibri Global Energy Inc. (NASDAQ:KGEI) Sees Large Growth in Short Interest

Kolibri Global Energy Inc. (NASDAQ:KGEI) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 73,800 shares, an increase of 91.7% from the January 15th total of 38,500 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 60,200 shares, the days-to-cover ratio is presently 1.2 days.

Kolibri Global Energy Stock Performance

Shares of NASDAQ KGEI traded up $0.08 during mid-day trading on Friday, hitting $8.55. The company had a trading volume of 109,143 shares, compared to its average volume of 121,396. The company has a market capitalization of $303.18 million, a price-to-earnings ratio of 17.81, a P/E/G ratio of 0.97 and a beta of 0.02. Kolibri Global Energy has a 1 year low of $2.85 and a 1 year high of $8.77. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average price is $6.43 and its 200-day moving average price is $4.44.

Hedge Funds Weigh In On Kolibri Global Energy

An institutional investor recently bought a new position in Kolibri Global Energy stock. National Bank of Canada FI bought a new position in shares of Kolibri Global Energy Inc. (NASDAQ:KGEI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 43,808 shares of the company’s stock, valued at approximately $140,000. National Bank of Canada FI owned approximately 0.12% of Kolibri Global Energy as of its most recent SEC filing. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Kolibri Global Energy Company Profile

Kolibri Global Energy Inc engages in the finding and exploiting oil, gas, and clean and sustainable energy in the United States. It sells crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc and changed its name to Kolibri Global Energy Inc in November 2020.