Birchcliff Energy Ltd. (OTCMKTS:BIREF) Short Interest Up 14.9% in August

Birchcliff Energy Ltd. (OTCMKTS:BIREF) was the target of a large growth in short interest during the month of 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 days-to-cover ratio is presently 254.0 days.

Birchcliff Energy Stock Performance

OTCMKTS:BIREF traded down $0.02 during mid-day trading on Tuesday, hitting $4.08. 59,842 shares of the company’s stock traded hands, compared to its average volume of 111,005. Birchcliff Energy has a 12 month low of $3.42 and a 12 month high of $6.04. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 37.09 and a beta of 0.62. 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 firm has a 50 day moving average of $4.35 and a two-hundred day moving average of $4.26.

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

Birchcliff Energy Cuts Dividend

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

Analyst Upgrades and Downgrades

Separately, Scotiabank raised shares of Birchcliff Energy to a “hold” rating in a research 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.