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

MEG Energy Corp. (OTCMKTS:MEGEF) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 12,892,700 shares, an increase of 26.4% from the March 15th total of 10,203,900 shares. Based on an average daily trading volume, of 150,000 shares, the short-interest ratio is currently 86.0 days.

MEG Energy Stock Up 3.6 %

Shares of OTCMKTS MEGEF traded up $0.52 during mid-day trading on Monday, reaching $15.10. 113,240 shares of the company’s stock traded hands, compared to its average volume of 251,817. The business has a 50-day simple moving average of $15.87 and a 200 day simple moving average of $16.96. MEG Energy has a 1-year low of $12.00 and a 1-year high of $23.76.

MEG Energy Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 21st were issued a dividend of $0.0693 per share. This represents a yield of 1.61%. The ex-dividend date was Thursday, March 20th.

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.