Short Interest in Beach Energy Limited (OTCMKTS:BEPTF) Drops By 7.1%

Beach Energy Limited (OTCMKTS:BEPTF) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 558,300 shares, a drop of 7.1% from the August 31st total of 600,900 shares. Based on an average trading volume of 10,200 shares, the short-interest ratio is currently 54.7 days.

Beach Energy Stock Performance

Shares of Beach Energy stock opened at $0.80 on Tuesday. Beach Energy has a twelve month low of $0.72 and a twelve month high of $1.24. The business has a 50-day moving average price of $0.85 and a 200 day moving average price of $1.00.

Beach Energy Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were given a $0.02 dividend. This represents a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, August 29th. Beach Energy’s dividend payout ratio (DPR) is presently 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.