Short Interest in Kolibri Global Energy Inc. (NASDAQ:KGEI) Increases By 35.7%

Kolibri Global Energy Inc. (NASDAQ:KGEI) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 11,400 shares, a growth of 35.7% from the June 30th total of 8,400 shares. Based on an average daily trading volume, of 18,200 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are short sold.

Kolibri Global Energy Price Performance

Shares of KGEI opened at $3.45 on Monday. Kolibri Global Energy has a 1-year low of $2.84 and a 1-year high of $5.01. The company’s fifty day moving average price is $3.44 and its 200-day moving average price is $3.31.

Kolibri Global Energy (NASDAQ:KGEI) last announced its quarterly earnings data on Monday, May 13th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The firm had revenue of $14.29 million for the quarter, compared to analysts’ expectations of $14.20 million. As a group, equities research analysts predict that Kolibri Global Energy will post 0.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Kolibri Global Energy

Several hedge funds have recently added to or reduced their stakes in the business. TFG Asset Management GP Ltd purchased a new stake in Kolibri Global Energy in the fourth quarter valued at $26,926,000. Russell Investments Group Ltd. purchased a new stake in Kolibri Global Energy in the fourth quarter valued at $316,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Kolibri Global Energy in the fourth quarter valued at $38,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

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.