Birchcliff Energy Ltd. (OTCMKTS:BIREF) Sees Large Decrease in Short Interest

Birchcliff Energy Ltd. (OTCMKTS:BIREF) saw a significant decline in short interest in 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 short-interest ratio is currently 74.2 days.

Birchcliff Energy Trading Down 3.2 %

Shares of Birchcliff Energy stock opened at $3.29 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. Birchcliff Energy has a 12-month low of $3.27 and a 12-month high of $4.83. The company has a market capitalization of $887.64 million, a price-to-earnings ratio of 84.94 and a beta of 0.62. The firm’s 50-day moving average price is $3.79 and its two-hundred day moving average price is $4.16.

Birchcliff Energy Cuts Dividend

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