Cogeco Inc. (OTCMKTS:CGECF) Short Interest Update

Cogeco Inc. (OTCMKTS:CGECF) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 119,100 shares, a drop of 26.2% from the February 29th total of 161,400 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is currently 297.8 days.

Cogeco Price Performance

CGECF remained flat at $42.20 during midday trading on Friday. Cogeco has a 1-year low of $33.35 and a 1-year high of $45.88. The stock has a fifty day moving average of $43.07 and a 200 day moving average of $39.11.

About Cogeco

Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States.