Birchcliff Energy Ltd. (OTCMKTS:BIREF) Sees Significant Growth in Short Interest

Birchcliff Energy Ltd. (OTCMKTS:BIREF) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 17,244,500 shares, a growth of 5.5% from the December 15th total of 16,349,600 shares. Based on an average trading volume of 129,500 shares, the days-to-cover ratio is currently 133.2 days.

Birchcliff Energy Stock Performance

OTCMKTS:BIREF opened at $3.95 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average of $3.69 and a 200-day moving average of $4.03. Birchcliff Energy has a twelve month low of $3.15 and a twelve month high of $4.83. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 98.69 and a beta of 0.62.

Birchcliff Energy Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.0714 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a yield of 8.06%. Birchcliff Energy’s dividend payout ratio (DPR) is 700.18%.

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.