Cogeco Communications Inc. (OTCMKTS:CGEAF) Shares Shorted: Short Interest Up 210.0% in October

Cogeco Communications Inc. (OTCMKTS:CGEAF) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,131,419 shares, a growth 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

OTCMKTS CGEAF opened at $38.66 on Friday. Cogeco Communications has a 12 month low of $34.39 and a 12 month high of $56.01. The company’s 50-day moving average price is $39.54 and its 200-day moving average price is $45.56.

About Cogeco Communications

Cogeco Communications Inc is a Canadian telecommunications company that provides broadband communications and information technology services to residential, business and wholesale customers. The company operates as a subsidiary of Cogeco Inc and is headquartered in Montreal, Quebec.

Through its Cogeco Connexion operations, Cogeco Communications offers high-speed internet, television and home telephone services in parts of Quebec and Ontario. Its business services include internet connectivity, private networking, data transport, cloud services, managed information technology, cybersecurity and colocation solutions.

In the United States, the company operates under the Breezeline brand and provides broadband internet, video and voice services to communities in multiple states.