Bonterra Energy Corp. (OTCMKTS:BNEFF) Sees Significant Drop in Short Interest

Bonterra Energy Corp. (OTCMKTS:BNEFF) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 164,809 shares, a drop of 42.4% from the July 30th total of 285,997 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 25,003 shares, the short-interest ratio is currently 6.6 days.

Bonterra Energy Trading Up 0.7%

OTCMKTS BNEFF opened at $4.32 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36. Bonterra Energy has a 1-year low of $2.37 and a 1-year high of $5.47. The firm’s fifty day simple moving average is $3.98 and its 200-day simple moving average is $4.37. The company has a market capitalization of $158.07 million, a PE ratio of -86.40 and a beta of 0.70.

Bonterra Energy (OTCMKTS:BNEFF) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.48. Bonterra Energy had a negative return on equity of 0.43% and a negative net margin of 0.85%.The firm had revenue of $59.65 million during the quarter, compared to analysts’ expectations of $45.06 million.

About Bonterra Energy

Bonterra Energy Corp is a Canadian oil and gas exploration and production company focused on the development, production and marketing of crude oil, natural gas and natural gas liquids. Headquartered in Calgary, Alberta, the company’s core activities include drilling, well completions and field operations designed to optimize recovery across its asset base. Bonterra’s integrated approach encompasses everything from reservoir evaluation and land acquisition to production infrastructure and product sales, allowing the company to capture value throughout the commodity price cycle.

Bonterra’s operations are concentrated in the Western Canadian Sedimentary Basin, with a particular emphasis on Montney formation assets in northeast British Columbia.