Cardinal Energy Ltd. (OTCMKTS:CRLFF) Short Interest Update

Cardinal Energy Ltd. (OTCMKTS:CRLFF) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 6,182,000 shares, a decrease of 14.1% from the December 31st total of 7,198,000 shares. Based on an average daily trading volume, of 99,000 shares, the days-to-cover ratio is currently 62.4 days.

Cardinal Energy Stock Performance

OTCMKTS CRLFF traded down $0.10 during trading hours on Monday, reaching $4.35. The company’s stock had a trading volume of 117,259 shares, compared to its average volume of 91,428. The business has a 50-day simple moving average of $4.55 and a 200 day simple moving average of $4.73. Cardinal Energy has a 52 week low of $4.00 and a 52 week high of $5.39.

Cardinal Energy Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a dividend of $0.0418 per share. The ex-dividend date is Friday, January 31st. This represents a yield of 10.9%. Cardinal Energy’s payout ratio is currently 8.93%.

About Cardinal Energy

Cardinal Energy Ltd. engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.