Beach Energy Limited (OTCMKTS:BEPTF) Short Interest Down 7.1% in September

Beach Energy Limited (OTCMKTS:BEPTF) saw a large decrease in short interest in September. As of September 15th, there was short interest totalling 558,300 shares, a decrease of 7.1% from the August 31st total of 600,900 shares. Based on an average daily trading volume, of 10,200 shares, the days-to-cover ratio is presently 54.7 days.

Beach Energy Price Performance

BEPTF stock remained flat at $0.80 during trading hours on Friday. 500 shares of the company’s stock traded hands, compared to its average volume of 2,372. The stock has a 50 day moving average of $0.86 and a 200 day moving average of $1.00. Beach Energy has a 12 month low of $0.72 and a 12 month high of $1.24.

Beach Energy Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a yield of 1.59%. Beach Energy’s dividend payout ratio is 38.51%.

About Beach Energy

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.