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

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

Blue Dolphin Energy Price Performance

Shares of OTCMKTS BDCO traded down $0.90 during midday trading on Monday, reaching $10.35. The company’s stock had a trading volume of 19,305 shares, compared to its average volume of 23,598. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.74 and a current ratio of 1.24. The company has a market cap of $154.42 million, a P/E ratio of 5.85 and a beta of 0.47. The business’s 50 day moving average price is $12.24 and its two-hundred day moving average price is $5.36. Blue Dolphin Energy has a fifty-two week low of $1.01 and a fifty-two week high of $24.89.

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

About Blue Dolphin Energy

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.