Blue Dolphin Energy (OTCMKTS:BDCO) Sees Large Decline in Short Interest

Blue Dolphin Energy (OTCMKTS:BDCO) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 1,500 shares, a decrease of 46.4% from the December 31st total of 2,800 shares. Based on an average daily volume of 7,700 shares, the days-to-cover ratio is presently 0.2 days.

Blue Dolphin Energy Price Performance

Shares of OTCMKTS:BDCO traded up $0.12 during trading on Thursday, reaching $2.45. The stock had a trading volume of 12,680 shares, compared to its average volume of 5,193. Blue Dolphin Energy has a 52 week low of $2.21 and a 52 week high of $8.00. The stock has a market capitalization of $36.56 million, a PE ratio of 9.42 and a beta of 0.10. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.28 and a quick ratio of 0.32. The business’s 50-day moving average price is $2.93 and its 200 day moving average price is $3.62.

About Blue Dolphin Energy

Blue Dolphin Energy Company, an independent downstream energy company, engages in the refining and marketing of petroleum products in the United States. It operates through two segments, Refinery Operations, and Tolling and Terminaling. The company produces finished products, including jet fuel, as well as various intermediate products, such as naphtha, heavy oil mud blendstock, and atmospheric gas oil; and conducts tolling and terminaling services at the Nixon facility.