Cogeco Communications Inc. (OTCMKTS:CGEAF – Get Free Report) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 201,521 shares, a drop of 38.2% from the July 15th total of 326,019 shares. Based on an average daily volume of 21,310 shares, the days-to-cover ratio is presently 9.5 days.
Cogeco Communications Stock Performance
Shares of Cogeco Communications stock opened at $43.55 on Tuesday. The company has a 50-day simple moving average of $44.60 and a two-hundred day simple moving average of $47.43. Cogeco Communications has a one year low of $39.22 and a one year high of $56.01.
Cogeco Communications Company Profile
Cogeco Communications Inc is a Canadian telecommunications company that provides broadband internet, cable television and telephony services to both residential and business customers. The company’s operations are structured around two primary networks: its Canadian footprint serving markets across Ontario and Quebec, and Atlantic Broadband, its U.S. cable subsidiary operating in several states along the East Coast. Leveraging a combination of fiber-optic and hybrid fiber-coaxial infrastructure, Cogeco Communications delivers high-speed internet access, digital video, voice-over-IP and managed network solutions.
Founded in 1957 and headquartered in Montreal, Quebec, Cogeco Communications has expanded through organic growth and strategic acquisitions.
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