Short Interest in Beach Energy Limited (OTCMKTS:BEPTF) Grows By 39.8%

Beach Energy Limited (OTCMKTS:BEPTF) was the recipient of a significant growth in short interest during the month of 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 daily trading volume, of 2,600 shares, the days-to-cover ratio is presently 303.7 days.

Beach Energy Stock Performance

BEPTF opened at $0.97 on Friday. Beach Energy has a 12 month low of $0.72 and a 12 month high of $1.24. The business’s 50-day moving average price is $0.90 and its 200-day moving average price is $0.85.

Beach Energy Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.03 dividend. This is a boost from Beach Energy’s previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, February 27th. This represents a dividend yield of 3.62%. Beach Energy’s dividend payout ratio (DPR) is currently 38.51%.

About Beach Energy

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.