Cardinal Energy Ltd. (OTCMKTS:CRLFF) Sees Significant Growth in Short Interest

Cardinal Energy Ltd. (OTCMKTS:CRLFF) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 5,136,100 shares, an increase of 13.1% from the May 31st total of 4,539,400 shares. Based on an average trading volume of 63,500 shares, the short-interest ratio is presently 80.9 days.

Cardinal Energy Price Performance

CRLFF traded up $0.05 during trading on Tuesday, hitting $4.93. The stock had a trading volume of 22,760 shares, compared to its average volume of 34,704. Cardinal Energy has a twelve month low of $4.24 and a twelve month high of $5.81. The stock has a 50 day simple moving average of $5.02 and a two-hundred day simple moving average of $4.93.

Cardinal Energy Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be given a dividend of $0.0436 per share. This represents a yield of 10.7%. The ex-dividend date is Friday, June 28th. Cardinal Energy’s dividend payout ratio (DPR) is presently 8.93%.

About Cardinal Energy

Cardinal Energy Ltd. engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.