Short Interest in Cardinal Energy Ltd. (OTCMKTS:CRLFF) Expands By 22.5%

Cardinal Energy Ltd. (OTCMKTS:CRLFF) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 5,686,800 shares, an increase of 22.5% from the August 31st total of 4,643,200 shares. Based on an average daily volume of 85,300 shares, the short-interest ratio is presently 66.7 days.

Cardinal Energy Stock Up 0.1 %

OTCMKTS:CRLFF traded up $0.00 during trading hours on Monday, hitting $4.70. 20,700 shares of the company were exchanged, compared to its average volume of 40,141. Cardinal Energy has a 52-week low of $4.24 and a 52-week high of $5.81. The company’s 50 day moving average price is $4.92 and its 200-day moving average price is $5.00.

Cardinal Energy Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.0442 per share. This represents a yield of 11.18%. The ex-dividend date is Monday, September 30th. This is an increase from Cardinal Energy’s previous dividend of $0.04. Cardinal Energy’s payout ratio is currently 8.93%.

About Cardinal Energy

Cardinal Energy Ltd. engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.