Beach Energy Ltd. (OTCMKTS:BCHEY – Get Free Report) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 35 shares, a decrease of 74.1% from the April 30th total of 135 shares. Based on an average daily volume of 19 shares, the short-interest ratio is presently 1.8 days. Currently, 0.0% of the shares of the stock are short sold.
Beach Energy Stock Performance
Shares of BCHEY opened at $17.00 on Friday. Beach Energy has a 12-month low of $15.37 and a 12-month high of $18.60. The business has a 50-day simple moving average of $17.17 and a two-hundred day simple moving average of $16.50. The company has a quick ratio of 0.83, a current ratio of 1.16 and a debt-to-equity ratio of 0.01.
About Beach Energy
Beach Energy (OTCMKTS:BCHEY) is an Australia-based independent oil and gas exploration and production company. It focuses on the upstream segment of the hydrocarbons industry, encompassing geological appraisal, field development and production of both conventional and unconventional oil and gas resources. The company markets natural gas to domestic east coast customers and supplies crude oil to local and international refineries.
Beach Energy’s operations span several key sedimentary basins across Australia, including the Cooper Basin in South Australia, the Otway and Bass Basins in Victoria, and onshore assets in the Perth Basin of Western Australia.
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