Crew Energy Inc. (OTCMKTS:CWEGF) Sees Large Growth in Short Interest

Crew Energy Inc. (OTCMKTS:CWEGF) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,253,300 shares, an increase of 10.5% from the March 15th total of 1,134,300 shares. Based on an average daily volume of 30,600 shares, the days-to-cover ratio is currently 41.0 days.

Crew Energy Stock Down 3.2 %

OTCMKTS:CWEGF traded down $0.11 during trading hours on Tuesday, hitting $3.34. The stock had a trading volume of 36,950 shares, compared to its average volume of 37,071. The business has a 50 day simple moving average of $3.30 and a two-hundred day simple moving average of $3.58. Crew Energy has a 1-year low of $2.76 and a 1-year high of $4.90.

Analysts Set New Price Targets

Separately, BMO Capital Markets reissued a “market perform” rating and issued a $5.25 price target on shares of Crew Energy in a research note on Tuesday, April 9th.

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. The company's principal properties include Montney oil and liquids-rich natural gas assets comprising Septimus, West Septimus, Groundbirch, and Monias and Tower located in the northeast British Columbia.