Beach Energy Ltd. (OTCMKTS:BCHEY – Get Free Report) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 35 shares, a drop of 74.1% from the April 30th total of 135 shares. Based on an average trading volume of 19 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.0% of the company’s shares are short sold.
Beach Energy Price Performance
Shares of BCHEY opened at $17.00 on Friday. Beach Energy has a 1 year low of $15.37 and a 1 year high of $18.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.83 and a current ratio of 1.16. The business has a 50-day moving average of $17.17 and a 200-day moving average of $16.50.
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.
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