Bonterra Energy Corp. (OTCMKTS:BNEFF) Short Interest Down 35.2% in June

Bonterra Energy Corp. (OTCMKTS:BNEFF) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 376,776 shares, a decline of 35.2% from the May 31st total of 581,589 shares. Based on an average daily volume of 26,336 shares, the days-to-cover ratio is currently 14.3 days. Currently, 1.0% of the shares of the stock are sold short.

Bonterra Energy Trading Up 0.3%

Shares of BNEFF opened at $3.86 on Thursday. The firm’s 50 day simple moving average is $4.72 and its 200 day simple moving average is $4.17. The company has a market capitalization of $141.24 million, a P/E ratio of -8.04 and a beta of 0.71. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.56 and a quick ratio of 0.55. Bonterra Energy has a 1-year low of $2.37 and a 1-year high of $5.47.

Bonterra Energy (OTCMKTS:BNEFF) last announced its earnings results on Thursday, May 14th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.25). The company had revenue of $48.49 million for the quarter, compared to the consensus estimate of $45.36 million. Bonterra Energy had a negative net margin of 10.40% and a negative return on equity of 4.64%.

Bonterra Energy Company Profile

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.