Short Interest in MEG Energy Corp. (OTCMKTS:MEGEF) Grows By 30.6%

MEG Energy Corp. (OTCMKTS:MEGEF) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 9,145,900 shares, a growth 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 currently 121.5 days.

MEG Energy Trading Up 1.5 %

Shares of OTCMKTS:MEGEF traded up $0.24 during trading hours on Friday, reaching $16.30. The stock had a trading volume of 256,575 shares, compared to its average volume of 185,698. MEG Energy has a 1 year low of $14.97 and a 1 year high of $24.59. The firm’s 50 day moving average is $17.08 and its 200-day moving average is $18.69.

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 issued a dividend of $0.0722 per share. This represents a yield of 1.73%. The ex-dividend date was Monday, December 16th.

MEG Energy Company Profile

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.