Short Interest in Cardinal Energy Ltd. (OTCMKTS:CRLFF) Declines By 7.2%

Cardinal Energy Ltd. (OTCMKTS:CRLFFGet Free Report) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 4,532,000 shares, a decline of 7.2% from the April 30th total of 4,884,500 shares. Based on an average trading volume of 37,300 shares, the days-to-cover ratio is currently 121.5 days.

Cardinal Energy Price Performance

OTCMKTS:CRLFF opened at $4.92 on Tuesday. Cardinal Energy has a 1 year low of $4.24 and a 1 year high of $5.81. The business has a fifty day moving average of $5.12 and a 200-day moving average of $4.92.

Cardinal Energy Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.0439 per share. The ex-dividend date is Friday, May 31st. This represents a yield of 10.59%. Cardinal Energy’s payout ratio is 8.93%.

Cardinal Energy Company Profile

(Get Free Report)

Cardinal Energy Ltd. engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.

Further Reading

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