Beach Energy Limited (OTCMKTS:BEPTF – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 765,983 shares, a decrease of 54.2% from the August 15th total of 1,671,274 shares. Based on an average daily volume of 92 shares, the days-to-cover ratio is currently 8,325.9 days.
Beach Energy Price Performance
Shares of OTCMKTS BEPTF opened at $0.61 on Monday. The firm’s 50-day simple moving average is $0.62 and its 200 day simple moving average is $0.74. Beach Energy has a fifty-two week low of $0.58 and a fifty-two week high of $0.95.
About Beach Energy
Beach Energy Limited (OTCMKTS: BEPTF) is an Australian oil and gas exploration and production company headquartered in Adelaide, South Australia. The company focuses on the development of both onshore and offshore hydrocarbon assets and holds a diversified portfolio of exploration permits and producing fields across Australia and New Zealand. Its operations encompass conventional oil and gas, natural gas liquids and associated processing infrastructure.
Key producing regions include the Cooper Basin in South Australia, the Perth Basin in Western Australia, the Gippsland and Otway basins in Victoria, and the Surat Basin in Queensland.
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