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

Beach Energy Limited (OTCMKTS:BEPTF) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 261,296 shares, a drop of 65.9% from the August 31st total of 765,983 shares. Based on an average daily trading volume, of 450 shares, the short-interest ratio is presently 580.7 days.

Beach Energy Price Performance

Shares of BEPTF traded up $0.02 during mid-day trading on Monday, hitting $0.61. The stock had a trading volume of 1,500 shares, compared to its average volume of 3,259. Beach Energy has a fifty-two week low of $0.58 and a fifty-two week high of $0.95. The company’s fifty day simple moving average is $0.62 and its two-hundred day simple moving average is $0.72.

About Beach Energy

Beach Energy Limited is an Australian oil and gas exploration and production company. The company explores for, develops and produces hydrocarbons, with its activities focused primarily on supplying oil and natural gas to domestic energy markets.

Beach Energy has historically operated across several Australian basins, including the Cooper Basin in South Australia and Queensland, the Perth Basin in Western Australia, and the Otway and Bass basins in Victoria. Its portfolio includes natural gas, condensate, liquefied petroleum gas and crude oil production, as well as exploration and development projects intended to support regional energy supply.

Founded in 1965, Beach Energy is headquartered in Adelaide, South Australia, and its shares trade on the Australian Securities Exchange under the symbol BPT.