Short Interest in Gran Tierra Energy Inc (GTE) Decreases By 16.2%

Gran Tierra Energy Inc (NYSEAMERICAN:GTE) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 2,627,996 shares, a drop of 16.2% from the January 15th total of 3,134,386 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 966,506 shares, the days-to-cover ratio is presently 2.7 days.

GTE has been the topic of several recent research reports. Zacks Investment Research downgraded Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Citigroup reissued a “buy” rating on shares of Gran Tierra Energy in a research note on Monday, December 17th. Finally, GMP Securities downgraded Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $4.38.

Shares of Gran Tierra Energy stock opened at $2.26 on Thursday. Gran Tierra Energy has a one year low of $2.03 and a one year high of $3.96.

Institutional investors have recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Gran Tierra Energy in the 4th quarter worth approximately $41,000. WINTON GROUP Ltd boosted its holdings in shares of Gran Tierra Energy by 219.4% in the 4th quarter. WINTON GROUP Ltd now owns 34,246 shares of the company’s stock worth $74,000 after purchasing an additional 23,524 shares during the period. United Services Automobile Association boosted its holdings in shares of Gran Tierra Energy by 45.3% in the 4th quarter. United Services Automobile Association now owns 58,146 shares of the company’s stock worth $126,000 after purchasing an additional 18,137 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Gran Tierra Energy by 319.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 35,929 shares of the company’s stock worth $138,000 after purchasing an additional 27,362 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Gran Tierra Energy by 182.8% during the 3rd quarter. Jane Street Group LLC now owns 43,544 shares of the company’s stock valued at $166,000 after acquiring an additional 28,144 shares during the period.

TRADEMARK VIOLATION WARNING: “Short Interest in Gran Tierra Energy Inc (GTE) Decreases By 16.2%” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.com-unik.info/2019/02/14/short-interest-in-gran-tierra-energy-inc-gte-decreases-by-16-2.html.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2017, the company had total proved undeveloped reserves of 19.6 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

Read More: Growth Stocks

Receive News & Ratings for Gran Tierra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gran Tierra Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit