Beach Energy Limited (OTCMKTS:BEPTF) Sees Significant Drop in Short Interest

Beach Energy Limited (OTCMKTS:BEPTF) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 558,300 shares, a decrease of 7.1% from the August 31st total of 600,900 shares. Based on an average trading volume of 10,200 shares, the days-to-cover ratio is presently 54.7 days.

Beach Energy Stock Performance

Shares of BEPTF stock remained flat at $0.80 on Friday. The company had a trading volume of 500 shares, compared to its average volume of 2,372. Beach Energy has a twelve month low of $0.72 and a twelve month high of $1.24. The stock’s fifty day moving average is $0.86 and its two-hundred day moving average is $1.00.

Beach Energy Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given a dividend of $0.02 per share. This represents a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, August 29th. Beach Energy’s dividend payout ratio (DPR) is presently 38.51%.

Beach Energy Company Profile

Beach Energy Limited operates as an oil and gas exploration and production company. It engages in the operated and non-operated, onshore and offshore, and oil and gas production in five producing basins across Australia and New Zealand. The company also explores, develops, produces, and transports hydrocarbons; and sells gas and liquid hydrocarbons.