Bonterra Energy Corp. (OTCMKTS:BNEFF) Short Interest Down 35.2% in June

Bonterra Energy Corp. (OTCMKTS:BNEFF) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 376,776 shares, a drop of 35.2% from the May 31st total of 581,589 shares. Based on an average daily trading volume, of 26,336 shares, the days-to-cover ratio is currently 14.3 days. Currently, 1.0% of the shares of the stock are short sold.

Bonterra Energy Trading Down 4.1%

Bonterra Energy stock opened at $3.70 on Friday. Bonterra Energy has a 1 year low of $2.37 and a 1 year high of $5.47. The firm’s 50 day moving average price is $4.70 and its 200-day moving average price is $4.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.56 and a quick ratio of 0.55. The stock has a market cap of $135.46 million, a P/E ratio of -7.71 and a beta of 0.70.

Bonterra Energy (OTCMKTS:BNEFF) last issued its earnings results on Thursday, May 14th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.25). The company had revenue of $48.49 million for the quarter, compared to the consensus estimate of $45.36 million. Bonterra Energy had a negative return on equity of 4.64% and a negative net margin of 10.40%.

Bonterra Energy Company Profile

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.