Beach Energy Limited (OTCMKTS:BEPTF) Short Interest Up 45.4% in February

Beach Energy Limited (OTCMKTS:BEPTF) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 563,800 shares, an increase of 45.4% from the January 31st total of 387,700 shares. Based on an average daily trading volume, of 1,800 shares, the short-interest ratio is currently 313.2 days.

Beach Energy Stock Down 0.4 %

OTCMKTS:BEPTF opened at $0.89 on Tuesday. Beach Energy has a 1 year low of $0.72 and a 1 year high of $1.24. The business has a 50 day simple moving average of $0.90 and a 200-day simple moving average of $0.85.

Beach Energy Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a dividend of $0.03 per share. This is a positive change from Beach Energy’s previous dividend of $0.02. This represents a dividend yield of 3.62%. The ex-dividend date of this dividend is Thursday, February 27th. Beach Energy’s dividend payout ratio (DPR) is currently 38.51%.

Beach Energy Company Profile

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.