Beach Energy Ltd. (OTCMKTS:BCHEY) Sees Large Increase in Short Interest

Beach Energy Ltd. (OTCMKTS:BCHEY) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 653 shares, a growth of 2,076.7% from the July 30th total of 30 shares. Based on an average daily volume of 392 shares, the short-interest ratio is presently 1.7 days. Approximately 0.0% of the shares of the company are short sold.

Beach Energy Stock Performance

OTCMKTS:BCHEY remained flat at $12.25 during mid-day trading on Tuesday. The firm’s 50 day moving average is $15.18 and its two-hundred day moving average is $16.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.83 and a current ratio of 1.16. Beach Energy has a one year low of $11.10 and a one year high of $13.60.

Beach Energy Company Profile

Beach Energy (OTCMKTS:BCHEY) is an Australia-based independent oil and gas exploration and production company. It focuses on the upstream segment of the hydrocarbons industry, encompassing geological appraisal, field development and production of both conventional and unconventional oil and gas resources. The company markets natural gas to domestic east coast customers and supplies crude oil to local and international refineries.

Beach Energy’s operations span several key sedimentary basins across Australia, including the Cooper Basin in South Australia, the Otway and Bass Basins in Victoria, and onshore assets in the Perth Basin of Western Australia.