Short Interest in Birchcliff Energy Ltd. (OTCMKTS:BIREF) Declines By 10.5%

Birchcliff Energy Ltd. (OTCMKTS:BIREF - Get Free Report) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 16,195,500 shares, a decline of 10.5% from the November 15th total of 18,089,000 shares. Based on an average daily trading volume, of 218,300 shares, the short-interest ratio is currently 74.2 days.

Birchcliff Energy Price Performance

BIREF stock traded down $0.10 during trading on Friday, reaching $3.40. 303,271 shares of the company were exchanged, compared to its average volume of 109,233. The company has a market cap of $916.65 million, a P/E ratio of 84.94 and a beta of 0.62. Birchcliff Energy has a 52-week low of $3.39 and a 52-week high of $4.83. The stock's 50 day moving average price is $3.79 and its 200 day moving average price is $4.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01.

Birchcliff Energy Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.0714 per share. This represents a yield of 8.06%. The ex-dividend date of this dividend is Friday, December 13th. Birchcliff Energy's payout ratio is currently 725.00%.

About Birchcliff Energy

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.