Birchcliff Energy Ltd. (OTCMKTS:BIREF) Short Interest Update

Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 17,244,500 shares, a growth of 5.5% from the December 31st total of 16,349,600 shares. Based on an average trading volume of 129,500 shares, the days-to-cover ratio is currently 133.2 days.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BIREF shares. Scotiabank raised Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 17th. National Bank Financial upgraded shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. Finally, TD Securities raised shares of Birchcliff Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd.

Birchcliff Energy Stock Down 1.2 %

OTCMKTS BIREF traded down $0.05 during trading on Thursday, reaching $3.98. 21,051 shares of the company's stock were exchanged, compared to its average volume of 94,027. Birchcliff Energy has a 1 year low of $3.15 and a 1 year high of $4.83. The stock has a market cap of $1.08 billion, a P/E ratio of 99.63 and a beta of 0.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50 day moving average price of $3.78 and a two-hundred day moving average price of $3.99.

Birchcliff Energy Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.0714 dividend. This represents a yield of 8.06%. The ex-dividend date of this dividend was Friday, December 13th. Birchcliff Energy's dividend payout ratio (DPR) is 700.18%.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.