Short Interest in Cogeco Inc. (OTCMKTS:CGECF) Increases By 23.0%

Cogeco Inc. (OTCMKTS:CGECF) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 233,200 shares, a growth of 23.0% from the January 31st total of 189,600 shares. Based on an average trading volume of 1,800 shares, the short-interest ratio is currently 129.6 days.

Cogeco Price Performance

Shares of OTCMKTS CGECF opened at $42.71 on Thursday. The firm’s 50-day moving average price is $39.54 and its two-hundred day moving average price is $40.76. Cogeco has a 52-week low of $33.85 and a 52-week high of $46.16.

About Cogeco

Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States.