Cogeco Communications Inc. (OTCMKTS:CGEAF – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,131,419 shares, an increase of 210.0% from the September 30th total of 364,954 shares. Based on an average daily volume of 31,669 shares, the days-to-cover ratio is currently 35.7 days.
Cogeco Communications Stock Performance
CGEAF stock traded up $1.11 during midday trading on Friday, hitting $38.52. 500 shares of the stock were exchanged, compared to its average volume of 16,070. The stock’s 50-day moving average price is $39.64 and its 200-day moving average price is $45.62. Cogeco Communications has a fifty-two week low of $34.39 and a fifty-two week high of $56.01.
About Cogeco Communications
Cogeco Communications Inc is a Canadian telecommunications company that provides broadband, video, and telecommunications services to residential and business customers. Its offerings include high-speed Internet, television, and digital phone services, along with business connectivity, data transport, cloud, and other communications solutions.
The company operates under the Cogeco brand in Québec and Ontario and under the Breezeline brand in the United States. Its U.S. operations serve customers in selected markets across multiple states, providing Internet, video, phone, and related services.
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