Beach Energy Limited (OTCMKTS:BEPTF – Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 567,552 shares, an increase of 117.2% from the September 15th total of 261,296 shares. Based on an average daily trading volume, of 873 shares, the days-to-cover ratio is presently 650.1 days.
Beach Energy Stock Performance
Shares of BEPTF opened at $0.59 on Thursday. Beach Energy has a 1-year low of $0.55 and a 1-year high of $0.95. The firm has a 50-day simple moving average of $0.61 and a two-hundred day simple moving average of $0.70.
About Beach Energy
Beach Energy Limited is an Australian oil and gas exploration and production company. It explores for, develops and produces hydrocarbons, with its operations focused primarily on onshore and offshore assets in Australia.
The company’s portfolio includes interests in the Cooper Basin in South Australia and Queensland, the Otway Basin in Victoria, and the Perth Basin in Western Australia. Its products include natural gas, crude oil, condensate and liquefied petroleum gas, which are supplied to Australian energy markets.
Beach Energy traces its origins to Beach Petroleum, established in 1961.
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