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

Beach Energy Limited (OTCMKTS:BEPTF) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 463,900 shares, a drop of 12.3% from the December 15th total of 528,800 shares. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is currently 331.4 days.

Beach Energy Stock Performance

Shares of OTCMKTS:BEPTF remained flat at $0.94 on Friday. The stock’s 50-day simple moving average is $0.85 and its 200-day simple moving average is $0.86. Beach Energy has a 1-year low of $0.72 and a 1-year high of $1.24.

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.