Bonterra Energy Corp. (OTCMKTS:BNEFF) Sees Large Decline in Short Interest

Bonterra Energy Corp. (OTCMKTS:BNEFF) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 164,809 shares, a decrease of 42.4% from the July 30th total of 285,997 shares. Based on an average daily volume of 25,003 shares, the days-to-cover ratio is presently 6.6 days. Approximately 0.5% of the company’s shares are short sold.

Bonterra Energy Trading Up 1.7%

BNEFF opened at $4.29 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average is $3.97 and its two-hundred day moving average is $4.36. The company has a market capitalization of $156.96 million, a P/E ratio of -85.80 and a beta of 0.70. Bonterra Energy has a 52 week low of $2.37 and a 52 week high of $5.47.

Bonterra Energy (OTCMKTS:BNEFF) last issued its earnings results on Tuesday, August 11th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.48. The business had revenue of $59.65 million during the quarter, compared to analysts’ expectations of $45.06 million. Bonterra Energy had a negative return on equity of 0.43% and a negative net margin of 0.85%.

About Bonterra Energy

Bonterra Energy Corp is a Canadian oil and gas exploration and production company focused on the development, production and marketing of crude oil, natural gas and natural gas liquids. Headquartered in Calgary, Alberta, the company’s core activities include drilling, well completions and field operations designed to optimize recovery across its asset base. Bonterra’s integrated approach encompasses everything from reservoir evaluation and land acquisition to production infrastructure and product sales, allowing the company to capture value throughout the commodity price cycle.

Bonterra’s operations are concentrated in the Western Canadian Sedimentary Basin, with a particular emphasis on Montney formation assets in northeast British Columbia.