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

Cogeco Communications Inc. (OTCMKTS:CGEAFGet Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 845,900 shares, an increase of 6.9% from the May 15th total of 791,000 shares. Based on an average daily volume of 10,400 shares, the short-interest ratio is presently 81.3 days.

Cogeco Communications Price Performance

Shares of OTCMKTS CGEAF opened at $38.34 on Tuesday. The business has a 50-day moving average of $40.36 and a two-hundred day moving average of $42.76. Cogeco Communications has a 1 year low of $37.15 and a 1 year high of $52.99.

About Cogeco Communications

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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.

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