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

Kolibri Global Energy Inc. (NASDAQ:KGEI) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 7,200 shares, a decline of 12.2% from the March 15th total of 8,200 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 20,500 shares, the days-to-cover ratio is currently 0.4 days.

Kolibri Global Energy Trading Down 6.1 %

KGEI opened at $3.17 on Tuesday. The business’s fifty day moving average price is $3.25. Kolibri Global Energy has a 1 year low of $2.84 and a 1 year high of $5.02.

Hedge Funds Weigh In On Kolibri Global Energy

A number of hedge funds have recently bought and sold shares of the company. TFG Asset Management GP Ltd purchased a new position in Kolibri Global Energy during the 4th quarter worth $26,926,000. UBS Group AG purchased a new position in Kolibri Global Energy during the 4th quarter worth $3,367,000. Russell Investments Group Ltd. purchased a new position in Kolibri Global Energy during the 4th quarter worth $316,000. Finally, Stratos Wealth Partners LTD. purchased a new position in Kolibri Global Energy during the 4th quarter worth $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 exploration, development, production, and marketing of oil, gas clean and sustainable energy in the United States. It produces 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.