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

Cardinal Energy Ltd. (OTCMKTS:CRLFF) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 6,822,500 shares, a decline of 5.7% from the November 15th total of 7,232,700 shares. Based on an average daily volume of 75,400 shares, the short-interest ratio is presently 90.5 days.

Cardinal Energy Price Performance

OTCMKTS:CRLFF opened at $4.42 on Tuesday. The business’s fifty day moving average price is $4.64 and its 200 day moving average price is $4.82. Cardinal Energy has a 1-year low of $4.41 and a 1-year high of $5.39.

Cardinal Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.043 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a yield of 10.78%. 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.