Short Interest in Blue Dolphin Energy Co. (OTCMKTS:BDCO) Declines By 63.6%

Blue Dolphin Energy Co. (OTCMKTS:BDCO) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 6,076 shares, a drop of 63.6% from the June 30th total of 16,701 shares. Based on an average daily trading volume, of 19,595 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the shares of the company are short sold.

Blue Dolphin Energy Price Performance

Shares of OTCMKTS:BDCO opened at $4.30 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.41 and a current ratio of 0.91. The firm has a market cap of $64.16 million, a price-to-earnings ratio of 9.35 and a beta of 0.38. The business has a 50-day simple moving average of $3.87 and a two-hundred day simple moving average of $2.79. Blue Dolphin Energy has a fifty-two week low of $1.01 and a fifty-two week high of $4.42.

Blue Dolphin Energy (OTCMKTS:BDCO) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.99 earnings per share (EPS) for the quarter. Blue Dolphin Energy had a net margin of 2.48% and a return on equity of 28.59%.

Blue Dolphin Energy Company Profile

Blue Dolphin Energy Company (OTCMKTS: BDCO) is an independent energy and marine transportation company headquartered in New Orleans, Louisiana. The firm focuses on the ownership, development and operation of refined petroleum product terminals and related infrastructure along the U.S. Gulf Coast. Its primary asset is a deepwater dock and storage terminal situated at Port Fourchon, Louisiana, which supports the loading and unloading of a variety of refined hydrocarbon products.

The company’s Port Fourchon facility features multiple above-ground storage tanks and a dedicated dock capable of accommodating oceangoing vessels, barges and offshore supply ships.