Short Interest in Birchcliff Energy Ltd. (OTCMKTS:BIREF) Declines By 10.3%

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

Birchcliff Energy Stock Performance

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

Birchcliff Energy (OTCMKTS:BIREF) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.01) EPS for the quarter. The business 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 business also recently disclosed a dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.074 dividend. This represents a dividend yield of 7.23%. The ex-dividend date of this dividend was Thursday, March 14th. Birchcliff Energy’s dividend payout ratio (DPR) 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.