Short Interest in Kolibri Global Energy Inc. (NASDAQ:KGEI) Increases By 52.4%

Kolibri Global Energy Inc. (NASDAQ:KGEI) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 18,900 shares, a growth of 52.4% from the August 31st total of 12,400 shares. Based on an average trading volume of 10,400 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Kolibri Global Energy

An institutional investor recently bought a new position in Kolibri Global Energy stock. TFG Asset Management GP Ltd bought a new position in Kolibri Global Energy Inc. (NASDAQ:KGEI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 7,070,568 shares of the company’s stock, valued at approximately $26,926,000. Kolibri Global Energy makes up approximately 6.5% of TFG Asset Management GP Ltd’s portfolio, making the stock its 5th largest holding. TFG Asset Management GP Ltd owned 19.85% of Kolibri Global Energy as of its most recent SEC filing. Institutional investors and hedge funds own 27.26% of the company’s stock.

Kolibri Global Energy Trading Up 1.0 %

Shares of NASDAQ:KGEI traded up $0.03 during midday trading on Friday, hitting $3.18. 2,206 shares of the stock traded hands, compared to its average volume of 21,035. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $3.20 and its two-hundred day moving average is $3.29. The stock has a market capitalization of $113.65 million and a PE ratio of 6.61. Kolibri Global Energy has a one year low of $2.84 and a one year high of $4.93.

Kolibri Global Energy (NASDAQ:KGEI) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $13.92 million during the quarter, compared to analyst estimates of $14.27 million. Kolibri Global Energy had a return on equity of 9.50% and a net margin of 26.70%. As a group, research analysts forecast that Kolibri Global Energy will post 0.54 earnings per share for the current year.

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.