Cogeco Inc. (OTCMKTS:CGECF) Short Interest Update

Cogeco Inc. (OTCMKTS:CGECF) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 84,700 shares, a decline of 33.6% from the May 31st total of 127,600 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is currently 141.2 days.

Cogeco Price Performance

Shares of Cogeco stock remained flat at $34.55 during trading hours on Monday. The stock’s 50-day moving average is $37.39 and its two-hundred day moving average is $40.56. Cogeco has a 1 year low of $33.35 and a 1 year high of $45.88.

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.