Tourmaline Oil Corp. (OTCMKTS:TRMLF) Short Interest Up 107.1% in August

Tourmaline Oil Corp. (OTCMKTS:TRMLF) saw a large increase in short interest in August. As of August 15th, there was short interest totalling 23,173,300 shares, an increase of 107.1% from the July 31st total of 11,192,100 shares. Based on an average daily volume of 49,300 shares, the short-interest ratio is presently 470.0 days.

Tourmaline Oil Stock Performance

OTCMKTS TRMLF traded down $0.65 during trading hours on Wednesday, hitting $45.98. The company’s stock had a trading volume of 64,448 shares, compared to its average volume of 34,480. The company has a market cap of $16.18 billion and a P/E ratio of 12.63. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90. Tourmaline Oil has a 12 month low of $36.93 and a 12 month high of $53.91. The company’s 50 day simple moving average is $44.56 and its two-hundred day simple moving average is $45.96.

Tourmaline Oil (OTCMKTS:TRMLF) last posted its earnings results on Wednesday, July 31st. The company reported $0.53 earnings per share for the quarter. The firm had revenue of $954.74 million for the quarter. Tourmaline Oil had a net margin of 25.15% and a return on equity of 10.71%.

Tourmaline Oil Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were given a dividend of $0.3619 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a yield of 3.29%. This is an increase from Tourmaline Oil’s previous dividend of $0.23. Tourmaline Oil’s dividend payout ratio is currently 27.37%.

Analyst Ratings Changes

Separately, Royal Bank of Canada upgraded Tourmaline Oil to a “moderate buy” rating in a research note on Thursday, August 1st.

Tourmaline Oil Company Profile

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.