Bonterra Energy Corp. (OTCMKTS:BNEFF) Sees Significant Increase in Short Interest

Bonterra Energy Corp. (OTCMKTS:BNEFF) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 110,200 shares, a growth of 16.6% from the August 15th total of 94,500 shares. Based on an average daily volume of 29,600 shares, the days-to-cover ratio is presently 3.7 days.

Bonterra Energy Price Performance

Shares of OTCMKTS BNEFF remained flat at $2.82 during mid-day trading on Monday. The company had a trading volume of 18,900 shares, compared to its average volume of 14,418. The company has a market capitalization of $105.25 million, a price-to-earnings ratio of 3.76 and a beta of 1.98. The business’s fifty day moving average is $3.32 and its 200 day moving average is $3.88. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.49 and a current ratio of 0.51. Bonterra Energy has a 52-week low of $2.63 and a 52-week high of $5.76.

Bonterra Energy (OTCMKTS:BNEFF) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter. Bonterra Energy had a net margin of 12.69% and a return on equity of 6.94%. The company had revenue of $45.42 million during the quarter.

About Bonterra Energy

Bonterra Energy Corp., a conventional oil and gas company, engages in the development and production of oil and natural gas in Canada. Its principal properties include Pembina Cardium, a conventional oil field, at the Pembina and Willesden green fields located in central Alberta; and holds 100% interest in the Montney properties that consist of approximately 28,880 acres located in the north of Grand Prairie, Alberta.