Beach Energy Limited (OTCMKTS:BEPTF) Sees Significant Growth in Short Interest

Beach Energy Limited (OTCMKTS:BEPTF) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 789,500 shares, a growth of 39.8% from the February 28th total of 564,700 shares. Based on an average trading volume of 2,600 shares, the short-interest ratio is presently 303.7 days.

Beach Energy Price Performance

BEPTF opened at $0.97 on Tuesday. The business’s fifty day simple moving average is $0.90 and its 200 day simple moving average is $0.86. Beach Energy has a 52 week low of $0.72 and a 52 week high of $1.24.

Beach Energy Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, February 27th. This is a positive change from Beach Energy’s previous dividend of $0.02. This represents a dividend yield of 3.62%. Beach Energy’s dividend payout ratio is 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.