Blue Dolphin Energy (OTCMKTS:BDCO) Sees Large Drop in Short Interest

Blue Dolphin Energy (OTCMKTS:BDCO) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 5,500 shares, a decline of 38.9% from the August 31st total of 9,000 shares. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is currently 1.4 days.

Blue Dolphin Energy Price Performance

OTCMKTS:BDCO traded down $0.02 during midday trading on Friday, hitting $4.00. The company had a trading volume of 207 shares, compared to its average volume of 4,428. The stock’s fifty day moving average price is $4.16 and its 200-day moving average price is $4.96. Blue Dolphin Energy has a 52-week low of $2.50 and a 52-week high of $8.00. The company has a quick ratio of 0.31, a current ratio of 1.55 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $59.68 million, a PE ratio of 2.87 and a beta of -0.02.

Blue Dolphin Energy (OTCMKTS:BDCO) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.43) earnings per share for the quarter. The business had revenue of $69.66 million during the quarter. Blue Dolphin Energy had a return on equity of 39.12% and a net margin of 4.34%.

Blue Dolphin Energy Company Profile

Blue Dolphin Energy Company, an independent downstream energy company, engages in the refining and marketing of petroleum products in the United States. It operates through two segments, Refinery Operations, and Tolling and Terminaling. The company produces finished products, including jet fuel, as well as various intermediate products, such as naphtha, heavy oil mud blendstock, and atmospheric gas oil; and conducts tolling and terminaling services at the Nixon facility.