Obsidian Energy Ltd (NYSE:OBE) (TSE:PWT) saw a significant decrease in short interest in March. As of March 13th, there was short interest totalling 1,289,400 shares, a decrease of 40.0% from the February 27th total of 2,150,000 shares. Based on an average trading volume of 219,100 shares, the short-interest ratio is currently 5.9 days. Currently, 2.0% of the shares of the company are short sold.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in shares of Obsidian Energy in the fourth quarter valued at about $38,000. Renaissance Technologies LLC purchased a new stake in shares of Obsidian Energy in the fourth quarter valued at about $28,000. Finally, UBS Group AG raised its holdings in shares of Obsidian Energy by 163.0% in the fourth quarter. UBS Group AG now owns 39,167 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 24,272 shares during the last quarter. Institutional investors own 3.59% of the company’s stock.
NYSE OBE remained flat at $$0.19 during trading hours on Thursday. 428,506 shares of the company’s stock traded hands, compared to its average volume of 236,573. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.33. Obsidian Energy has a one year low of $0.15 and a one year high of $2.70. The stock has a market cap of $14.60 million, a P/E ratio of -0.05 and a beta of 2.89. The firm has a fifty day moving average of $0.47 and a 200 day moving average of $0.66.
Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas in western Canada. It holds interests in the Alberta Viking, Cardium, Deep Basin, and Peace River areas. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd.
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