Cogeco Communications Inc. (OTCMKTS:CGEAF) Sees Large Increase in Short Interest

Cogeco Communications Inc. (OTCMKTS:CGEAF) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 978,200 shares, an increase of 12.8% from the August 31st total of 867,500 shares. Based on an average daily trading volume, of 8,100 shares, the days-to-cover ratio is currently 120.8 days.

Cogeco Communications Stock Up 0.5 %

Shares of OTCMKTS CGEAF traded up $0.24 during mid-day trading on Friday, hitting $51.94. The company had a trading volume of 16,216 shares, compared to its average volume of 9,199. The business’s 50-day simple moving average is $47.45 and its 200 day simple moving average is $43.09. Cogeco Communications has a 1-year low of $37.15 and a 1-year high of $51.95.

About Cogeco Communications

Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.