Birchcliff Energy Ltd. (OTCMKTS:BIREF) Sees Large Increase in Short Interest

Birchcliff Energy Ltd. (OTCMKTS:BIREF) was the recipient of a significant growth in short interest in 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 trading volume, of 61,000 shares, the short-interest ratio is currently 254.0 days.

Birchcliff Energy Price Performance

BIREF traded down $0.02 on Tuesday, reaching $4.08. The stock had a trading volume of 59,842 shares, compared to its average volume of 111,005. 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 company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 37.09 and a beta of 0.62. Birchcliff Energy has a fifty-two week low of $3.42 and a fifty-two week high of $6.04. The firm has a 50-day moving average of $4.35 and a 200-day moving average of $4.26.

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

Birchcliff Energy Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.073 per share. This represents a dividend yield of 6.99%. The ex-dividend date of this dividend is Friday, September 13th. Birchcliff Energy’s payout ratio is currently 263.64%.

Analyst Ratings Changes

Separately, Scotiabank upgraded shares of Birchcliff Energy to a “hold” rating in a report on Friday, June 14th.

About Birchcliff Energy

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.