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

Kolibri Global Energy Inc. (NASDAQ:KGEI) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 13,100 shares, a growth of 14.9% from the December 31st total of 11,400 shares. Based on an average daily volume of 21,400 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Kolibri Global Energy stock. National Bank of Canada FI purchased a new stake in Kolibri Global Energy Inc. (NASDAQ:KGEI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 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 at the end of the most recent quarter. Institutional investors own 27.26% of the company’s stock.

Kolibri Global Energy Stock Performance

Shares of KGEI stock opened at $7.52 on Friday. The stock has a market cap of $266.66 million, a PE ratio of 15.67, a price-to-earnings-growth ratio of 0.92 and a beta of -0.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a 50-day moving average of $5.70 and a 200-day moving average of $4.14. Kolibri Global Energy has a one year low of $2.84 and a one year high of $7.80.

About Kolibri Global Energy

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.