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

Kolibri Global Energy Inc. (NASDAQ:KGEI) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 26,300 shares, a growth of 52.0% from the October 31st total of 17,300 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 10,200 shares, the short-interest ratio is currently 2.6 days.

Kolibri Global Energy Stock Up 0.7 %

Shares of KGEI traded up $0.03 on Friday, reaching $4.25. The stock had a trading volume of 853 shares, compared to its average volume of 18,208. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.67 and a current ratio of 0.67. Kolibri Global Energy has a 12-month low of $2.84 and a 12-month high of $4.60. The firm has a market capitalization of $151.47 million and a price-to-earnings ratio of 8.85. The company has a 50-day simple moving average of $3.48 and a 200-day simple moving average of $3.37.

Hedge Funds Weigh In On Kolibri Global Energy

A hedge fund recently bought a new stake in Kolibri Global Energy stock. National Bank of Canada FI bought a new position in Kolibri Global Energy Inc. (NASDAQ:KGEI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 43,808 shares of the company’s stock, valued at approximately $140,000. National Bank of Canada FI owned about 0.12% of Kolibri Global Energy at the end of the most recent quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

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.