Short Interest in Crew Energy Inc. (OTCMKTS:CWEGF) Declines By 16.5%

Crew Energy Inc. (OTCMKTS:CWEGF) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 1,094,000 shares, a decrease of 16.5% from the August 15th total of 1,310,900 shares. Based on an average daily trading volume, of 46,200 shares, the days-to-cover ratio is currently 23.7 days.

Crew Energy Stock Down 0.4 %

Crew Energy stock traded down $0.02 during midday trading on Monday, reaching $4.74. The company’s stock had a trading volume of 5,329 shares, compared to its average volume of 29,855. The business has a 50-day simple moving average of $4.49 and a 200-day simple moving average of $3.94. Crew Energy has a fifty-two week low of $3.00 and a fifty-two week high of $5.15.

Analyst Ratings Changes

Several research firms have commented on CWEGF. National Bank Financial boosted their price target on shares of Crew Energy from C$6.00 to C$6.50 in a research note on Thursday, August 10th. Stifel Nicolaus boosted their target price on Crew Energy from C$8.00 to C$9.25 in a research note on Thursday, August 10th. BMO Capital Markets increased their price target on Crew Energy from C$7.00 to C$8.00 in a research report on Thursday, August 10th. Raymond James lifted their price objective on Crew Energy from C$6.50 to C$7.50 in a research note on Thursday, August 10th. Finally, TD Securities upped their target price on shares of Crew Energy from C$6.50 to C$7.50 in a research note on Thursday, August 10th.

Crew Energy Company Profile

Crew Energy Inc engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids (NGL) in Canada. Its principal properties include Montney oil and liquids-rich natural gas assets comprising Septimus, West Septimus, Groundbirch, and Tower in northeast British Columbia.