MEG Energy Corp. (OTCMKTS:MEGEF) Short Interest Update

MEG Energy Corp. (OTCMKTS:MEGEF) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 7,000,600 shares, a growth of 63.6% from the November 30th total of 4,278,500 shares. Based on an average daily trading volume, of 66,400 shares, the days-to-cover ratio is currently 105.4 days.

MEG Energy Trading Down 1.4 %

Shares of OTCMKTS:MEGEF traded down $0.23 during midday trading on Friday, hitting $15.95. 20,351 shares of the company’s stock were exchanged, compared to its average volume of 139,703. MEG Energy has a 12 month low of $14.97 and a 12 month high of $24.59. The stock has a 50 day moving average price of $17.76 and a 200-day moving average price of $19.16.

MEG Energy Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.0722 per share. This represents a yield of 1.73%. The ex-dividend date is Monday, December 16th.

About MEG Energy

MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. The company develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions.