What’s Ahead for BEACH PETROLEUM LTD ORDINARY SHARES AUS (OTCMKTS:BEPTF) After More Shorted Shares?

May 17, 2018 - By Christine McCrea

The stock of BEACH PETROLEUM LTD ORDINARY SHARES AUS (OTCMKTS:BEPTF) registered an increase of 0.4% in short interest. BEPTF’s total short interest was 378,300 shares in May as published by FINRA. Its up 0.4% from 376,800 shares, reported previously. With 11,900 shares average volume, it will take short sellers 32 days to cover their BEPTF’s short positions.

It closed at $1.296 lastly. It is down 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Beach Energy Limited explores, develops, produces, and sells oil, gas, and gas liquids. The company has market cap of $2.94 billion. It holds interests in exploration and production tenements in Australia, New Zealand, and Tanzania. It has a 8.7 P/E ratio. The firm was formerly known as Beach Petroleum Limited and changed its name to Beach Energy Limited in December 2009.

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