Cardinal Energy Ltd. (OTCMKTS:CRLFF) Short Interest Update

Cardinal Energy Ltd. (OTCMKTS:CRLFF) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 5,136,100 shares, an increase of 13.1% from the May 31st total of 4,539,400 shares. Based on an average daily trading volume, of 63,500 shares, the short-interest ratio is currently 80.9 days.

Cardinal Energy Trading Down 0.7 %

Shares of OTCMKTS CRLFF traded down $0.04 during trading on Monday, reaching $4.89. The stock had a trading volume of 9,200 shares, compared to its average volume of 34,801. Cardinal Energy has a fifty-two week low of $4.24 and a fifty-two week high of $5.81. The business’s 50-day moving average price is $5.02 and its 200-day moving average price is $4.93.

Cardinal Energy Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be given a $0.0436 dividend. This represents a yield of 10.7%. The ex-dividend date is Friday, June 28th. Cardinal Energy’s dividend payout ratio is currently 8.93%.

About Cardinal Energy

Cardinal Energy Ltd. engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.