Gran Tierra Energy Inc (GTE) Short Interest Update

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

Shares of Gran Tierra Energy (GTE) traded down $0.09 during trading on Monday, hitting $2.66. The company had a trading volume of 2,338,057 shares, compared to its average volume of 1,515,927. Gran Tierra Energy has a 1 year low of $1.93 and a 1 year high of $3.00. The stock has a market cap of $1,080.00, a price-to-earnings ratio of -8.28 and a beta of 0.62.

Gran Tierra Energy (NYSEAMERICAN:GTE) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.04). Gran Tierra Energy had a net margin of 3.02% and a return on equity of 1.28%.

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

Hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System lifted its stake in Gran Tierra Energy by 19.1% during the third quarter. California Public Employees Retirement System now owns 1,913,047 shares of the company’s stock worth $4,362,000 after purchasing an additional 307,247 shares in the last quarter. GSA Capital Partners LLP lifted its stake in Gran Tierra Energy by 51.4% during the third quarter. GSA Capital Partners LLP now owns 701,204 shares of the company’s stock worth $1,599,000 after purchasing an additional 238,026 shares in the last quarter. Wasatch Advisors Inc. lifted its stake in Gran Tierra Energy by 14.7% during the fourth quarter. Wasatch Advisors Inc. now owns 3,290,293 shares of the company’s stock worth $8,884,000 after purchasing an additional 420,776 shares in the last quarter. Foundry Partners LLC lifted its stake in Gran Tierra Energy by 3.3% during the fourth quarter. Foundry Partners LLC now owns 1,738,316 shares of the company’s stock worth $4,693,000 after purchasing an additional 55,410 shares in the last quarter. Finally, CIBC World Markets Inc. lifted its stake in Gran Tierra Energy by 32.3% during the fourth quarter. CIBC World Markets Inc. now owns 87,434 shares of the company’s stock worth $236,000 after purchasing an additional 21,350 shares in the last quarter.

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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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