Short Interest in Beach Energy Limited (OTCMKTS:BEPTF) Rises By 39.8%

Beach Energy Limited (OTCMKTS:BEPTF) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 789,500 shares, a growth of 39.8% from the February 28th total of 564,700 shares. Based on an average daily volume of 2,600 shares, the short-interest ratio is presently 303.7 days.

Beach Energy Price Performance

Beach Energy stock opened at $0.97 on Monday. Beach Energy has a fifty-two week low of $0.72 and a fifty-two week high of $1.24. The stock has a 50-day simple moving average of $0.90 and a 200-day simple moving average of $0.86.

Beach Energy Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.03 per share. This is a positive change from Beach Energy’s previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, February 27th. This represents a yield of 3.62%. Beach Energy’s payout ratio is 38.51%.

Beach Energy Company Profile

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.