Short Interest in Gran Tierra Energy Inc (GTE) Declines By 14.8%

Gran Tierra Energy Inc (NYSEAMERICAN:GTE) was the recipient of a large decrease in short interest during the month of December. As of December 29th, there was short interest totalling 4,056,170 shares, a decrease of 14.8% from the December 15th total of 4,761,371 shares. Based on an average daily volume of 1,781,927 shares, the short-interest ratio is currently 2.3 days. Approximately 1.1% of the shares of the company are short sold.

Gran Tierra Energy (NYSEAMERICAN GTE) opened at $2.97 on Friday. The stock has a market cap of $1,170.00, a P/E ratio of -9.28 and a beta of 0.57. Gran Tierra Energy has a 1-year low of $1.93 and a 1-year high of $3.00.

A hedge fund recently raised its stake in Gran Tierra Energy stock. GSA Capital Partners LLP increased its stake in Gran Tierra Energy Inc (NYSEAMERICAN:GTE) by 51.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 701,204 shares of the company’s stock after acquiring an additional 238,026 shares during the period. GSA Capital Partners LLP owned approximately 0.18% of Gran Tierra Energy worth $1,599,000 at the end of the most recent reporting period.

Several research firms have commented on GTE. TheStreet upgraded shares of Gran Tierra Energy from a “d+” rating to a “c” rating in a research report on Tuesday, January 2nd. ValuEngine cut shares of Gran Tierra Energy from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, BidaskClub upgraded shares of Gran Tierra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 4th.

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About Gran Tierra Energy

Gran Tierra Energy Inc is an energy company engaged in oil and gas acquisition, exploration, development and production. The Company focuses on onshore oil and gas properties in Colombia, and also own rights to oil and gas properties in Brazil and Peru. Its segments are Colombia, Peru and Brazil based on geographic organization.

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