Cardinal Energy Ltd. (OTCMKTS:CRLFF) Short Interest Update

Cardinal Energy Ltd. (OTCMKTS:CRLFF) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 6,182,000 shares, a decrease of 14.1% from the December 31st total of 7,198,000 shares. Based on an average daily trading volume, of 99,000 shares, the short-interest ratio is currently 62.4 days.

Cardinal Energy Stock Down 2.2 %

Shares of Cardinal Energy stock opened at $4.35 on Monday. The stock has a 50 day moving average price of $4.55 and a two-hundred day moving average price of $4.73. Cardinal Energy has a 12-month low of $4.00 and a 12-month high of $5.39.

Cardinal Energy Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.0418 per share. The ex-dividend date is Friday, January 31st. This represents a yield of 10.9%. Cardinal Energy’s payout ratio is currently 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.