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

Cardinal Energy Ltd. (OTCMKTS:CRLFF) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 5,686,800 shares, an increase of 22.5% from the August 31st total of 4,643,200 shares. Based on an average trading volume of 85,300 shares, the short-interest ratio is presently 66.7 days.

Cardinal Energy Stock Performance

Shares of OTCMKTS CRLFF traded down $0.00 during midday trading on Monday, hitting $4.70. 8,215 shares of the company’s stock were exchanged, compared to its average volume of 39,971. The stock’s 50 day moving average price is $4.92 and its 200-day moving average price is $5.00. Cardinal Energy has a twelve month low of $4.24 and a twelve month high of $5.81.

Cardinal Energy Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a dividend of $0.0442 per share. This is a boost from Cardinal Energy’s previous dividend of $0.04. The ex-dividend date is Monday, September 30th. This represents a yield of 11.18%. Cardinal Energy’s payout ratio is presently 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.