Birchcliff Energy Ltd. (OTCMKTS:BIREF) Sees Large Growth in Short Interest

Birchcliff Energy Ltd. (OTCMKTS:BIREF) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 17,244,500 shares, a growth of 5.5% from the December 31st total of 16,349,600 shares. Based on an average trading volume of 129,500 shares, the short-interest ratio is currently 133.2 days.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BIREF. National Bank Financial raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. TD Securities upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Scotiabank upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th.

Birchcliff Energy Price Performance

Shares of OTCMKTS:BIREF opened at $4.01 on Wednesday. The firm’s 50 day moving average price is $3.78 and its 200-day moving average price is $3.99. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $1.09 billion, a PE ratio of 100.28 and a beta of 0.62. Birchcliff Energy has a twelve month low of $3.15 and a twelve month high of $4.83.

Birchcliff Energy Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.0714 dividend. The ex-dividend date was Friday, December 13th. This represents a dividend yield of 8.06%. Birchcliff Energy’s dividend payout ratio (DPR) is 700.18%.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.