Short Interest in Tourmaline Oil Corp. (OTCMKTS:TRMLF) Expands By 54.0%

Tourmaline Oil Corp. (OTCMKTS:TRMLF) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totalling 15,673,600 shares, a growth of 54.0% from the May 31st total of 10,174,600 shares. Based on an average trading volume of 37,900 shares, the days-to-cover ratio is currently 413.6 days.

Tourmaline Oil Stock Performance

Shares of TRMLF opened at $45.33 on Monday. The company has a 50-day moving average of $48.03 and a two-hundred day moving average of $45.89. The stock has a market cap of $15.96 billion and a P/E ratio of 12.28. Tourmaline Oil has a 12-month low of $39.39 and a 12-month high of $53.91. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09.

Tourmaline Oil (OTCMKTS:TRMLF) last posted its earnings results on Wednesday, May 1st. The company reported $0.51 earnings per share (EPS) for the quarter. The firm had revenue of $969.72 million for the quarter. Tourmaline Oil had a return on equity of 12.72% and a net margin of 28.95%.

Tourmaline Oil Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were paid a dividend of $0.2324 per share. This represents a dividend yield of 1.92%. The ex-dividend date was Friday, June 14th. Tourmaline Oil’s payout ratio is currently 25.20%.

Tourmaline Oil Company Profile

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.