Short Interest in Gran Tierra Energy Inc (GTE) Expands By 4.6%

Gran Tierra Energy Inc (NYSEAMERICAN:GTE) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 2,440,979 shares, a growth of 4.6% from the March 29th total of 2,334,428 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,720,728 shares, the short-interest ratio is currently 1.4 days.

Shares of Gran Tierra Energy stock opened at $2.40 on Friday. Gran Tierra Energy has a twelve month low of $2.03 and a twelve month high of $3.96.

Gran Tierra Energy (NYSEAMERICAN:GTE) last announced its quarterly earnings results on Wednesday, February 27th. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.09). The company had revenue of $136.60 million during the quarter, compared to analysts’ expectations of $154.40 million. During the same period in the previous year, the company posted ($0.10) EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year.

GTE has been the subject of several recent analyst reports. GMP Securities lowered Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research lowered Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Friday, March 8th.

In related news, VP Lawrence West acquired 12,000 shares of Gran Tierra Energy stock in a transaction on Thursday, March 7th. The stock was acquired at an average price of $2.31 per share, for a total transaction of $27,720.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Gmt Capital Corp acquired 6,444,800 shares of Gran Tierra Energy stock in a transaction on Tuesday, April 2nd. The shares were bought at an average price of $2.37 per share, with a total value of $15,274,176.00. Following the purchase, the insider now directly owns 67,875,186 shares in the company, valued at approximately $160,864,190.82. The disclosure for this purchase can be found here. Insiders have acquired a total of 9,171,432 shares of company stock valued at $21,830,620 in the last quarter.

Institutional investors have recently made changes to their positions in the stock. Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Gran Tierra Energy in the 4th quarter valued at about $41,000. WINTON GROUP Ltd boosted its holdings in Gran Tierra Energy by 219.4% in the 4th quarter. WINTON GROUP Ltd now owns 34,246 shares of the company’s stock worth $74,000 after buying an additional 23,524 shares during the last quarter. Jane Street Group LLC boosted its holdings in Gran Tierra Energy by 10.6% in the 4th quarter. Jane Street Group LLC now owns 48,144 shares of the company’s stock worth $104,000 after buying an additional 4,600 shares during the last quarter. United Services Automobile Association boosted its holdings in Gran Tierra Energy by 45.3% in the 4th quarter. United Services Automobile Association now owns 58,146 shares of the company’s stock worth $126,000 after buying an additional 18,137 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Gran Tierra Energy by 319.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 35,929 shares of the company’s stock worth $138,000 after buying an additional 27,362 shares during the last quarter.

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Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2018, the company had total proved undeveloped reserves of 17.3 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

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