Birchcliff Energy Ltd. (OTCMKTS:BIREF) Short Interest Down 10.5% in November

Posted by Scott Moore on Dec 16th, 2024

Birchcliff Energy Ltd. (OTCMKTS:BIREF – Get Free Report) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 16,195,500 shares, a decrease 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 Price Performance

OTCMKTS:BIREF traded down $0.17 during trading hours on Monday, reaching $3.40. 303,200 shares of the company were exchanged, compared to its average volume of 109,232. The company has a market capitalization of $916.65 million, a P/E ratio of 84.94 and a beta of 0.62. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. Birchcliff Energy has a 1-year low of $3.39 and a 1-year high of $4.83. The business has a 50 day moving average of $3.79 and a 200 day moving average of $4.16.

Birchcliff Energy Cuts Dividend

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

Birchcliff Energy Company Profile

(Get Free Report)

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.