Birchcliff Energy Ltd. (OTCMKTS:BIREF) Short Interest Update

Birchcliff Energy Ltd. (OTCMKTS:BIREF) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 11,555,100 shares, a drop of 10.3% from the March 31st total of 12,885,900 shares. Based on an average daily trading volume, of 148,500 shares, the days-to-cover ratio is currently 77.8 days.

Birchcliff Energy Price Performance

Shares of OTCMKTS:BIREF opened at $4.12 on Wednesday. Birchcliff Energy has a 1-year low of $3.42 and a 1-year high of $6.49. The business has a fifty day moving average price of $4.01 and a 200-day moving average price of $4.40. The company has a market capitalization of $1.11 billion, a PE ratio of 137.21 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.91 and a quick ratio of 0.91.

Birchcliff Energy (OTCMKTS:BIREF) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $134.65 million for the quarter. Birchcliff Energy had a net margin of 1.38% and a return on equity of 0.45%.

Birchcliff Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.074 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a yield of 7.23%. Birchcliff Energy’s payout ratio is 1,967.32%.

About Birchcliff Energy

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.