Cardinal Energy Ltd. (OTCMKTS:CRLFF) Short Interest Update

Cardinal Energy Ltd. (OTCMKTS:CRLFF) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 4,643,200 shares, a decline of 11.2% from the August 15th total of 5,227,200 shares. Based on an average trading volume of 71,200 shares, the short-interest ratio is presently 65.2 days.

Cardinal Energy Price Performance

OTCMKTS:CRLFF traded up $0.03 during mid-day trading on Tuesday, hitting $4.75. The company’s stock had a trading volume of 34,846 shares, compared to its average volume of 39,178. The business’s fifty day moving average is $4.97 and its two-hundred day moving average is $5.02. Cardinal Energy has a 1 year low of $4.24 and a 1 year high of $5.81.

Cardinal Energy Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 2nd were issued a $0.0437 dividend. This represents a yield of 10.43%. The ex-dividend date of this dividend was Friday, August 30th. Cardinal Energy’s payout ratio is presently 8.93%.

About Cardinal Energy

Cardinal Energy Ltd. engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.