Beach Energy Ltd. (OTCMKTS:BCHEY) Short Interest Update

Beach Energy Ltd. (OTCMKTS:BCHEY) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 653 shares, an increase of 2,076.7% from the July 30th total of 30 shares. Based on an average daily trading volume, of 392 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.0% of the shares of the stock are short sold.

Beach Energy Price Performance

OTCMKTS:BCHEY opened at $12.25 on Wednesday. The stock’s 50-day simple moving average is $15.18 and its 200 day simple moving average is $16.21. The company has a quick ratio of 0.83, a current ratio of 1.16 and a debt-to-equity ratio of 0.01. Beach Energy has a twelve month low of $11.10 and a twelve month high of $13.60.

Beach Energy Company Profile

Beach Energy (OTCMKTS:BCHEY) is an Australia-based independent oil and gas exploration and production company. It focuses on the upstream segment of the hydrocarbons industry, encompassing geological appraisal, field development and production of both conventional and unconventional oil and gas resources. The company markets natural gas to domestic east coast customers and supplies crude oil to local and international refineries.

Beach Energy’s operations span several key sedimentary basins across Australia, including the Cooper Basin in South Australia, the Otway and Bass Basins in Victoria, and onshore assets in the Perth Basin of Western Australia.