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

Beach Energy Limited (OTCMKTS:BEPTF) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 511,300 shares, a drop of 26.4% from the October 31st total of 694,900 shares. Based on an average trading volume of 800 shares, the days-to-cover ratio is presently 639.1 days.

Beach Energy Stock Performance

BEPTF stock traded up $0.03 during trading on Friday, hitting $0.85. The company had a trading volume of 1,000 shares, compared to its average volume of 2,802. The firm has a 50-day moving average price of $0.83 and a 200-day moving average price of $0.92. Beach Energy has a 12 month low of $0.72 and a 12 month high of $1.24.

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.