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

Beach Energy Limited (OTCMKTS:BEPTFGet Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 2,452,000 shares, a drop of 14.4% from the April 30th total of 2,865,800 shares. Based on an average daily trading volume, of 1,100 shares, the short-interest ratio is currently 2,229.1 days.

Beach Energy Price Performance

Shares of OTCMKTS BEPTF opened at $1.13 on Friday. Beach Energy has a 1 year low of $0.87 and a 1 year high of $1.24. The business has a 50-day moving average of $1.11 and a two-hundred day moving average of $1.08.

About Beach Energy

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Beach Energy Limited operates as an oil and gas exploration and production company. It engages in the operated and non-operated, onshore and offshore, and oil and gas production in five producing basins across Australia and New Zealand. The company also explores, develops, produces, and transports hydrocarbons; and sells gas and liquid hydrocarbons.

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