MEG Energy Corp. (OTCMKTS:MEGEF – Get Free Report) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 4,278,500 shares, an increase of 27.2% from the November 15th total of 3,363,600 shares. Based on an average daily volume of 122,800 shares, the days-to-cover ratio is presently 34.8 days.
MEG Energy Stock Performance
OTCMKTS MEGEF traded down $0.07 on Friday, hitting $16.65. The stock had a trading volume of 23,268 shares, compared to its average volume of 143,639. The firm has a 50-day moving average of $18.46 and a 200-day moving average of $19.46. MEG Energy has a 52-week low of $16.52 and a 52-week high of $24.59.
MEG Energy Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 17th will be given a $0.0722 dividend. The ex-dividend date of this dividend is 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.
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