Headwater Exploration Inc. (OTCMKTS:CDDRF) Short Interest Update

Headwater Exploration Inc. (OTCMKTS:CDDRF) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 1,386,829 shares, a decrease of 35.8% from the April 15th total of 2,159,547 shares. Based on an average daily trading volume, of 70,149 shares, the days-to-cover ratio is currently 19.8 days.

Analysts Set New Price Targets

Separately, BMO Capital Markets restated an “outperform” rating on shares of Headwater Exploration in a research report on Monday, January 19th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Headwater Exploration Price Performance

CDDRF opened at $9.65 on Monday. The business’s fifty day moving average is $9.19 and its 200-day moving average is $7.84. Headwater Exploration has a 52-week low of $4.26 and a 52-week high of $10.09.

About Headwater Exploration

Headwater Exploration Inc engages in the exploration, development, and production of petroleum and natural gas in Canada. It holds interest in the Marten Hills area located in Alberta, and McCully Field area located in New Brunswick. The company was formerly known as Corridor Resources Inc and changed its name to Headwater Exploration Inc in March 2020. Headwater Exploration Inc incorporated in 1996 and is headquartered in Calgary, Canada.