Headwater Exploration Inc. (OTCMKTS:CDDRF) Short Interest Update

Headwater Exploration Inc. (OTCMKTS:CDDRF) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,386,829 shares, a decline of 35.8% from the April 15th total of 2,159,547 shares. Based on an average daily volume of 70,149 shares, the short-interest ratio is currently 19.8 days.

Headwater Exploration Stock Down 0.0%

Shares of CDDRF stock opened at $9.65 on Tuesday. The stock’s fifty day simple moving average is $9.20 and its 200 day simple moving average is $7.87. Headwater Exploration has a one year low of $4.26 and a one year high of $10.09.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets restated an “outperform” rating on shares of Headwater Exploration in a research report on Monday, January 19th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

About Headwater Exploration

Headwater Exploration Inc engages in the exploration, development, and production of petroleum and natural gas in Canada. It holds interest in the Marten Hills area located in Alberta, and McCully Field area located in New Brunswick. The company was formerly known as Corridor Resources Inc and changed its name to Headwater Exploration Inc in March 2020. Headwater Exploration Inc incorporated in 1996 and is headquartered in Calgary, Canada.