Blue Dolphin Energy Co. (OTCMKTS:BDCO) Stock Short Interest Climbs 79.0%

Blue Dolphin Energy Co. (OTCMKTS:BDCO) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 4,477 shares, a growth of 79.0% from the September 30th total of 2,501 shares. Based on an average daily trading volume, of 29,100 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are sold short.

Blue Dolphin Energy Stock Performance

Shares of OTCMKTS BDCO opened at $10.51 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.24 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $156.83 million, a price-to-earnings ratio of 5.94 and a beta of 0.45. The stock’s fifty day simple moving average is $12.32 and its 200 day simple moving average is $5.41. Blue Dolphin Energy has a 52-week low of $1.01 and a 52-week high of $24.89.

Blue Dolphin Energy (OTCMKTS:BDCO) last posted its quarterly earnings results on Friday, August 14th. The company reported $1.19 EPS for the quarter. Blue Dolphin Energy had a net margin of 7.22% and a return on equity of 73.06%.

Blue Dolphin Energy Company Profile

Blue Dolphin Energy Company is an independent energy company engaged primarily in petroleum refining and the marketing of refined products. Through its subsidiaries, the company operates the Nixon refinery in Nixon, Texas, which processes crude oil and other feedstocks into products such as gasoline blendstocks, diesel fuel, jet fuel, naphtha and residual fuel oil.

The Nixon refinery is supported by crude oil handling, storage and related logistics infrastructure serving the South Texas and Gulf Coast markets.