Short Interest in Birchcliff Energy Ltd. (OTCMKTS:BIREF) Declines By 10.5%

Birchcliff Energy Ltd. (OTCMKTS:BIREF) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 16,195,500 shares, a decline of 10.5% from the November 15th total of 18,089,000 shares. Based on an average daily trading volume, of 218,300 shares, the days-to-cover ratio is presently 74.2 days.

Birchcliff Energy Stock Performance

OTCMKTS:BIREF traded down $0.10 during trading hours on Friday, hitting $3.40. 303,271 shares of the company traded hands, compared to its average volume of 109,233. 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 twelve month low of $3.39 and a twelve month high of $4.83. The firm has a 50-day moving average of $3.79 and a 200 day moving average of $4.16. The stock has a market capitalization of $916.65 million, a price-to-earnings ratio of 84.94 and a beta of 0.62.

Birchcliff Energy Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.0714 per share. This represents a dividend yield of 8.06%. The ex-dividend date of this dividend is Friday, December 13th. Birchcliff Energy’s dividend payout ratio is currently 725.00%.

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.