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

Beach Energy Limited (OTCMKTS:BEPTFGet Rating) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 1,687,900 shares, a decline of 14.4% from the August 15th total of 1,970,800 shares. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is currently 1,534.5 days.

Analyst Ratings Changes

Separately, Citigroup lowered shares of Beach Energy from a “buy” rating to a “neutral” rating in a report on Tuesday, August 16th.

Beach Energy Trading Down 1.4 %

Shares of BEPTF stock opened at $1.10 on Monday. Beach Energy has a 12 month low of $0.77 and a 12 month high of $1.34. The company’s fifty day moving average price is $1.18 and its two-hundred day moving average price is $1.18.

Beach Energy Company Profile

(Get Rating)

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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