Beach Energy Limited (OTCMKTS:BEPTF – Get Free Report) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 367,960 shares, a drop of 35.2% from the September 30th total of 567,552 shares. Based on an average daily volume of 3,458 shares, the short-interest ratio is currently 106.4 days.
Beach Energy Stock Performance
Beach Energy stock opened at $0.65 on Monday. The business has a 50-day simple moving average of $0.61 and a two-hundred day simple moving average of $0.72. Beach Energy has a 52-week low of $0.55 and a 52-week high of $0.95.
About Beach Energy
Beach Energy Limited is an Australian oil and gas exploration and production company. The company explores for, develops and produces hydrocarbons, including natural gas, crude oil, condensate and liquefied petroleum gas (LPG), with a focus on supplying energy to the Australian market.
Beach Energy’s activities are centered on onshore and offshore assets in Australia, including operations in the Cooper Basin of South Australia and Queensland and the Otway Basin in South Australia and Victoria.
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