Blue Dolphin Energy Co. (OTCMKTS:BDCO) Short Interest Up 234.7% in May

Blue Dolphin Energy Co. (OTCMKTS:BDCO) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 12,092 shares, an increase of 234.7% from the May 14th total of 3,613 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 40,768 shares, the short-interest ratio is currently 0.3 days.

Blue Dolphin Energy Trading Down 4.1%

OTCMKTS:BDCO traded down $0.15 during trading hours on Friday, reaching $3.52. 23,737 shares of the company were exchanged, compared to its average volume of 15,126. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.91 and a quick ratio of 0.41. The firm has a market cap of $52.52 million, a price-to-earnings ratio of 7.65 and a beta of 0.35. Blue Dolphin Energy has a 52-week low of $1.01 and a 52-week high of $4.32. The stock has a 50 day simple moving average of $3.59 and a 200 day simple moving average of $2.27.

Blue Dolphin Energy (OTCMKTS:BDCO) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.99 earnings per share for the quarter. Blue Dolphin Energy had a net margin of 2.48% and a return on equity of 28.59%.

About Blue Dolphin Energy

Blue Dolphin Energy Company (OTCMKTS: BDCO) is an independent energy and marine transportation company headquartered in New Orleans, Louisiana. The firm focuses on the ownership, development and operation of refined petroleum product terminals and related infrastructure along the U.S. Gulf Coast. Its primary asset is a deepwater dock and storage terminal situated at Port Fourchon, Louisiana, which supports the loading and unloading of a variety of refined hydrocarbon products.

The company’s Port Fourchon facility features multiple above-ground storage tanks and a dedicated dock capable of accommodating oceangoing vessels, barges and offshore supply ships.