Tourmaline Oil Corp. (OTCMKTS:TRMLF) Sees Significant Growth in Short Interest

Tourmaline Oil Corp. (OTCMKTS:TRMLF) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 15,673,600 shares, a growth of 54.0% from the May 31st total of 10,174,600 shares. Based on an average daily volume of 37,900 shares, the days-to-cover ratio is currently 413.6 days.

Tourmaline Oil Stock Performance

Shares of OTCMKTS TRMLF traded down $0.13 during trading hours on Friday, reaching $45.33. The stock had a trading volume of 9,055 shares, compared to its average volume of 23,255. The business’s fifty day moving average is $48.03 and its two-hundred day moving average is $45.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $15.96 billion and a price-to-earnings ratio of 12.28. Tourmaline Oil has a twelve month low of $39.39 and a twelve month high of $53.91.

Tourmaline Oil (OTCMKTS:TRMLF) last issued its earnings results on Wednesday, May 1st. The company reported $0.51 EPS for the quarter. The business had revenue of $969.72 million during the quarter. Tourmaline Oil had a return on equity of 12.72% and a net margin of 28.95%.

Tourmaline Oil Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were given a $0.2324 dividend. This represents a yield of 1.92%. The ex-dividend date of this dividend was Friday, June 14th. Tourmaline Oil’s dividend payout ratio (DPR) is 25.20%.

Tourmaline Oil Company Profile

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.