Blue Dolphin Energy Co. (OTCMKTS:BDCO) Sees Large Increase in Short Interest

Blue Dolphin Energy Co. (OTCMKTS:BDCO) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 30,067 shares, a growth of 2,575.0% from the August 31st total of 1,124 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily volume of 120,905 shares, the short-interest ratio is currently 0.2 days.

Blue Dolphin Energy Price Performance

Blue Dolphin Energy stock traded up $0.61 during mid-day trading on Thursday, hitting $13.00. The stock had a trading volume of 15,387 shares, compared to its average volume of 24,293. The firm has a market capitalization of $193.99 million, a P/E ratio of 7.34 and a beta of 0.52. The company has a current ratio of 1.24, a quick ratio of 0.74 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $7.96 and its 200 day moving average is $5.00. Blue Dolphin Energy has a one year low of $1.01 and a one year high of $24.89.

Blue Dolphin Energy (OTCMKTS:BDCO) last issued its quarterly earnings results on Friday, August 14th. The company reported $1.19 earnings per share (EPS) for the quarter. Blue Dolphin Energy had a return on equity of 73.06% and a net margin of 7.22%.

Blue Dolphin Energy Company Profile

Blue Dolphin Energy Company is an independent energy company focused primarily on downstream oil operations. Through its subsidiaries, the company owns and operates a crude oil refinery in Nixon, Texas, southwest of San Antonio. The facility processes crude oil and condensate into refined petroleum products and refinery feedstocks.

The company’s product slate has included gasoline blendstocks, diesel fuel, jet fuel, naphtha, vacuum gas oil and asphalt-related products. Blue Dolphin also operates or has operated crude oil gathering, pipeline and storage assets that support the movement of feedstocks to its refinery and the distribution of finished products.

Blue Dolphin’s operations are concentrated in Texas and the broader U.S.