Birchcliff Energy Ltd. (OTCMKTS:BIREF) Short Interest Up 14.9% in August

Birchcliff Energy Ltd. (OTCMKTS:BIREF) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 15,492,800 shares, a growth of 14.9% from the August 15th total of 13,481,600 shares. Based on an average daily volume of 61,000 shares, the short-interest ratio is currently 254.0 days.

Birchcliff Energy Trading Down 3.4 %

Birchcliff Energy stock opened at $4.10 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $4.36 and its two-hundred day simple moving average is $4.26. Birchcliff Energy has a 12 month low of $3.42 and a 12 month high of $6.09. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 37.24 and a beta of 0.62.

Birchcliff Energy (OTCMKTS:BIREF) last released its earnings results on Wednesday, August 14th. The company reported $0.12 EPS for the quarter. Birchcliff Energy had a return on equity of 1.82% and a net margin of 6.05%. The business had revenue of $107.42 million for the quarter.

Birchcliff Energy Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be issued a $0.073 dividend. This represents a yield of 6.99%. The ex-dividend date of this dividend is Friday, September 13th. Birchcliff Energy’s dividend payout ratio (DPR) is 263.64%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank raised Birchcliff Energy to a “hold” rating in a research report on Friday, June 14th.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.