Beach Energy Ltd. (OTCMKTS:BCHEY) Sees Significant Growth in Short Interest

Beach Energy Ltd. (OTCMKTS:BCHEY) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 653 shares, an increase of 2,076.7% from the July 30th total of 30 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 392 shares, the days-to-cover ratio is presently 1.7 days.

Beach Energy Stock Performance

BCHEY stock opened at $12.25 on Thursday. The company has a 50 day moving average of $15.08 and a two-hundred day moving average of $16.18. The company has a current ratio of 1.16, a quick ratio of 0.83 and a debt-to-equity ratio of 0.01. Beach Energy has a 12-month low of $11.10 and a 12-month high of $13.60.

About Beach Energy

Beach Energy (OTCMKTS:BCHEY) is an Australia-based independent oil and gas exploration and production company. It focuses on the upstream segment of the hydrocarbons industry, encompassing geological appraisal, field development and production of both conventional and unconventional oil and gas resources. The company markets natural gas to domestic east coast customers and supplies crude oil to local and international refineries.

Beach Energy’s operations span several key sedimentary basins across Australia, including the Cooper Basin in South Australia, the Otway and Bass Basins in Victoria, and onshore assets in the Perth Basin of Western Australia.