Bonterra Energy Corp. (OTCMKTS:BNEFF) Short Interest Down 42.4% in August

Bonterra Energy Corp. (OTCMKTS:BNEFF) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 164,809 shares, a decline of 42.4% from the July 30th total of 285,997 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 25,003 shares, the short-interest ratio is presently 6.6 days.

Bonterra Energy Stock Performance

Shares of BNEFF stock opened at $4.29 on Monday. Bonterra Energy has a 12 month low of $2.37 and a 12 month high of $5.47. The company’s fifty day simple moving average is $3.97 and its 200-day simple moving average is $4.36. The firm has a market cap of $156.97 million, a PE ratio of -85.80 and a beta of 0.70. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.36.

Bonterra Energy (OTCMKTS:BNEFF) last announced its earnings results on Tuesday, August 11th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.48. Bonterra Energy had a negative net margin of 0.85% and a negative return on equity of 0.43%. The business had revenue of $59.65 million during the quarter, compared to the consensus estimate of $45.06 million.

Bonterra Energy Company Profile

Bonterra Energy Corp is a Canadian oil and gas exploration and production company focused on the development, production and marketing of crude oil, natural gas and natural gas liquids. Headquartered in Calgary, Alberta, the company’s core activities include drilling, well completions and field operations designed to optimize recovery across its asset base. Bonterra’s integrated approach encompasses everything from reservoir evaluation and land acquisition to production infrastructure and product sales, allowing the company to capture value throughout the commodity price cycle.

Bonterra’s operations are concentrated in the Western Canadian Sedimentary Basin, with a particular emphasis on Montney formation assets in northeast British Columbia.