Headwater Exploration Inc. (OTCMKTS:CDDRF – Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 3,055,511 shares, a growth of 73.9% from the September 15th total of 1,757,155 shares. Based on an average trading volume of 424,855 shares, the days-to-cover ratio is currently 7.2 days.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on CDDRF. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Headwater Exploration in a research report on Friday, July 24th. Raymond James Financial restated a “market perform” rating on shares of Headwater Exploration in a report on Wednesday, September 16th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Headwater Exploration in a research note on Monday, July 27th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Report on CDDRF
Headwater Exploration Price Performance
Shares of Headwater Exploration stock opened at $10.08 on Friday. Headwater Exploration has a 1 year low of $4.84 and a 1 year high of $10.58. The firm has a fifty day moving average price of $9.90 and a 200 day moving average price of $9.36.
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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