Beach Energy Limited (OTCMKTS:BEPTF) Sees Large Drop in Short Interest

Beach Energy Limited (OTCMKTS:BEPTF) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 765,983 shares, a drop of 54.2% from the August 15th total of 1,671,274 shares. Based on an average daily trading volume, of 92 shares, the days-to-cover ratio is currently 8,325.9 days.

Beach Energy Price Performance

BEPTF opened at $0.61 on Monday. Beach Energy has a fifty-two week low of $0.58 and a fifty-two week high of $0.95. The company’s 50 day moving average price is $0.62 and its two-hundred day moving average price is $0.74.

Beach Energy Company Profile

Beach Energy Limited (OTCMKTS: BEPTF) is an Australian oil and gas exploration and production company headquartered in Adelaide, South Australia. The company focuses on the development of both onshore and offshore hydrocarbon assets and holds a diversified portfolio of exploration permits and producing fields across Australia and New Zealand. Its operations encompass conventional oil and gas, natural gas liquids and associated processing infrastructure.

Key producing regions include the Cooper Basin in South Australia, the Perth Basin in Western Australia, the Gippsland and Otway basins in Victoria, and the Surat Basin in Queensland.