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

Beach Energy Ltd. (OTCMKTS:BCHEY) was the target of a significant increase in short interest in 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 short-interest ratio is currently 1.7 days. Approximately 0.0% of the shares of the company are short sold.

Beach Energy Price Performance

BCHEY remained flat at $12.25 on Tuesday. Beach Energy has a 52-week low of $11.10 and a 52-week high of $13.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 0.83. The firm’s 50 day moving average is $15.18 and its 200-day moving average is $16.21.

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.