Headwater Exploration Inc. (OTCMKTS:CDDRF – Get Free Report) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 3,055,511 shares, an increase of 73.9% from the September 15th total of 1,757,155 shares. Based on an average daily trading volume, of 424,855 shares, the short-interest ratio is currently 7.2 days.
Headwater Exploration Trading Down 0.3%
OTCMKTS CDDRF traded down $0.03 on Thursday, hitting $10.00. 229 shares of the stock traded hands, compared to its average volume of 102,324. The stock has a 50-day moving average of $9.88 and a 200 day moving average of $9.36. Headwater Exploration has a twelve month low of $4.84 and a twelve month high of $10.58.
Analyst Ratings Changes
CDDRF has been the topic of a number of analyst reports. Raymond James Financial reaffirmed a “market perform” rating on shares of Headwater Exploration in a research report on Wednesday, September 16th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Headwater Exploration in a report on Monday, July 27th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Headwater Exploration in a research note on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Headwater Exploration has an average rating of “Moderate Buy”.
Headwater Exploration Company Profile
Headwater Exploration Inc is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on developing conventional petroleum assets in Western Canada, with an emphasis on oil-weighted opportunities and efficient, repeatable drilling programs.
Headwater’s operations are primarily located in Alberta, including its Clearwater-area properties in the province’s heavy-oil region. Its activities include land acquisition, geological evaluation, drilling, completion, production, and the development of related infrastructure.
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