Birchcliff Energy Ltd. (OTCMKTS:BIREF) Sees Significant Increase in Short Interest

Birchcliff Energy Ltd. (OTCMKTS:BIREF) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 4,766,638 shares, a growth of 35.4% from the February 12th total of 3,520,337 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average daily volume of 117,645 shares, the short-interest ratio is currently 40.5 days. Based on an average daily volume of 117,645 shares, the short-interest ratio is currently 40.5 days. Approximately 1.8% of the company’s shares are sold short.

Birchcliff Energy Stock Performance

Shares of BIREF opened at $5.23 on Monday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 32.72 and a beta of 0.44. The business’s fifty day simple moving average is $5.13 and its two-hundred day simple moving average is $4.92. Birchcliff Energy has a 12 month low of $3.65 and a 12 month high of $5.90.

Birchcliff Energy (OTCMKTS:BIREF) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. Birchcliff Energy had a net margin of 8.86% and a return on equity of 2.81%. The firm had revenue of $141.66 million for the quarter, compared to the consensus estimate of $138.97 million.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Canadian Imperial Bank of Commerce downgraded Birchcliff Energy to a “neutral” rating in a report on Thursday, January 15th. BMO Capital Markets upgraded shares of Birchcliff Energy from a “hold” rating to an “outperform” rating in a report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd. (OTCMKTS: BIREF) is a Canada-based exploration and production company headquartered in Calgary, Alberta. Since its founding in 2000, Birchcliff has focused on developing natural gas, natural gas liquids and light oil resources in Western Canada. The company is publicly listed on the Toronto Stock Exchange and the OTC Markets and maintains an integrated asset base to support its upstream and midstream activities.

The company’s core operations are concentrated in the Montney formation of northeastern British Columbia and northwestern Alberta, one of North America’s largest unconventional resource plays.