Beach Energy Limited (OTCMKTS:BEPTF) Sees Large Increase in Short Interest

Beach Energy Limited (OTCMKTS:BEPTF) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 694,900 shares, a growth of 32.5% from the October 15th total of 524,600 shares. Based on an average daily volume of 11,500 shares, the days-to-cover ratio is currently 60.4 days.

Beach Energy Stock Performance

OTCMKTS BEPTF remained flat at $0.83 on Thursday. 1,000 shares of the company’s stock traded hands, compared to its average volume of 2,835. The business has a 50 day simple moving average of $0.81 and a two-hundred day simple moving average of $0.93. Beach Energy has a 1 year low of $0.72 and a 1 year high of $1.24.

Beach Energy Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were given a dividend of $0.02 per share. The ex-dividend date was Thursday, August 29th. This represents a yield of 1.59%. Beach Energy’s dividend payout ratio (DPR) is 38.51%.

About Beach Energy

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.