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

Birchcliff Energy Ltd. (OTCMKTS:BIREF) was the target of a large growth in short interest in 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 daily trading volume, of 129,500 shares, the days-to-cover ratio is presently 133.2 days.

Birchcliff Energy Price Performance

BIREF opened at $3.95 on Friday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 103.61 and a beta of 0.62. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. Birchcliff Energy has a 12-month low of $3.15 and a 12-month high of $4.83. The business’s fifty day simple moving average is $3.69 and its 200-day simple moving average is $4.03.

Birchcliff Energy Cuts Dividend

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

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.