Fri Sep 20 07:38:50 UTC 2024: ## Cogeco Short Interest Drops in August, Days-to-Cover Ratio Extends
**Toronto, September 20, 2024** – Cogeco Inc. (OTCMKTS:CGECF) saw a significant decrease in short interest during August, according to data released by MarketBeat. The short interest fell by 5.8% to 95,700 shares as of August 31st, down from 101,600 shares on August 15th.
This drop in short interest suggests a decrease in bearish sentiment towards the company. The days-to-cover ratio, which measures how long it would take to cover all short positions based on average daily volume, is currently at a hefty 319.0 days.
Cogeco shares opened at $39.98 on Friday. The company’s 50-day moving average stands at $39.32, while its 200-day moving average sits at $38.89. Cogeco has seen a 12-month low of $33.35 and a 12-month high of $45.88.
In other market news, InterRent Real Estate Investment Trust (TSE:IIP.UN) stock price has surpassed its 50-day moving average of $12.66. Meanwhile, Onex (OTCMKTS:ONEXF) stock has dipped below its 200-day moving average of $70.38.
First Piper 