Blue Dolphin Energy Co. (OTCMKTS:BDCO) Sees Significant Increase in Short Interest

Blue Dolphin Energy Co. (OTCMKTS:BDCO) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 4,477 shares, an increase of 79.0% from the September 30th total of 2,501 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 29,100 shares, the short-interest ratio is currently 0.2 days.

Blue Dolphin Energy Price Performance

BDCO opened at $11.25 on Friday. Blue Dolphin Energy has a 12-month low of $1.01 and a 12-month high of $24.89. The company has a current ratio of 1.24, a quick ratio of 0.74 and a debt-to-equity ratio of 0.04. The business’s fifty day simple moving average is $12.24 and its 200-day simple moving average is $5.36. The company has a market capitalization of $167.85 million, a price-to-earnings ratio of 6.36 and a beta of 0.45.

Blue Dolphin Energy (OTCMKTS:BDCO) last released its quarterly earnings results on Friday, August 14th. The company reported $1.19 EPS for the quarter. Blue Dolphin Energy had a return on equity of 73.06% and a net margin of 7.22%.

Blue Dolphin Energy Company Profile

Blue Dolphin Energy Company is an independent energy company engaged primarily in petroleum refining and the marketing of refined products. Through its subsidiaries, the company operates the Nixon refinery in Nixon, Texas, which processes crude oil and other feedstocks into products such as gasoline blendstocks, diesel fuel, jet fuel, naphtha and residual fuel oil.

The Nixon refinery is supported by crude oil handling, storage and related logistics infrastructure serving the South Texas and Gulf Coast markets.