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

MEG Energy Corp. (OTCMKTS:MEGEF) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 9,145,900 shares, an increase of 30.6% from the December 15th total of 7,000,600 shares. Based on an average trading volume of 75,300 shares, the days-to-cover ratio is presently 121.5 days.

MEG Energy Stock Up 1.5 %

Shares of MEGEF traded up $0.24 during mid-day trading on Friday, hitting $16.30. 256,575 shares of the company’s stock were exchanged, compared to its average volume of 185,698. The stock’s 50-day moving average is $17.08 and its 200-day moving average is $18.69. MEG Energy has a fifty-two week low of $14.97 and a fifty-two week high of $24.59.

MEG Energy Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 17th were paid a $0.0722 dividend. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 1.73%.

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.