Gran Tierra Energy Inc (GTE) Short Interest Update

Gran Tierra Energy Inc (NYSEAMERICAN:GTE) saw a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 3,872,179 shares, a decrease of 0.3% from the January 12th total of 3,883,185 shares. Based on an average daily volume of 1,533,716 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.0% of the shares of the stock are sold short.

A number of equities analysts recently weighed in on the company. BidaskClub raised Gran Tierra Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. TheStreet raised Gran Tierra Energy from a “d+” rating to a “c” rating in a report on Tuesday, January 2nd. Finally, ValuEngine cut Gran Tierra Energy from a “hold” rating to a “sell” rating in a report on Thursday, November 9th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP raised its holdings in Gran Tierra Energy by 51.4% in the 3rd quarter. GSA Capital Partners LLP now owns 701,204 shares of the company’s stock worth $1,599,000 after purchasing an additional 238,026 shares during the period. California Public Employees Retirement System raised its holdings in shares of Gran Tierra Energy by 19.1% during the third quarter. California Public Employees Retirement System now owns 1,913,047 shares of the company’s stock valued at $4,362,000 after acquiring an additional 307,247 shares during the last quarter. Wasatch Advisors Inc. raised its holdings in shares of Gran Tierra Energy by 14.7% during the fourth quarter. Wasatch Advisors Inc. now owns 3,290,293 shares of the company’s stock valued at $8,884,000 after acquiring an additional 420,776 shares during the last quarter. Foundry Partners LLC raised its holdings in shares of Gran Tierra Energy by 3.3% during the fourth quarter. Foundry Partners LLC now owns 1,738,316 shares of the company’s stock valued at $4,693,000 after acquiring an additional 55,410 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Gran Tierra Energy by 53.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 4,496,486 shares of the company’s stock valued at $12,141,000 after acquiring an additional 1,569,708 shares during the last quarter.

Gran Tierra Energy (GTE) opened at $2.45 on Friday. The firm has a market capitalization of $1,020.00, a PE ratio of -7.66 and a beta of 0.62. Gran Tierra Energy has a fifty-two week low of $1.93 and a fifty-two week high of $3.00.

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About Gran Tierra Energy

Gran Tierra Energy Inc is an energy company engaged in oil and gas acquisition, exploration, development and production. The Company focuses on onshore oil and gas properties in Colombia, and also own rights to oil and gas properties in Brazil and Peru. Its segments are Colombia, Peru and Brazil based on geographic organization.

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