MEG Energy Corp. (OTCMKTS:MEGEF) Short Interest Up 30.6% in December

MEG Energy Corp. (OTCMKTS:MEGEF) was the target of 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 daily volume of 75,300 shares, the days-to-cover ratio is presently 121.5 days.

MEG Energy Price Performance

Shares of MEG Energy stock traded up $0.24 during trading hours on Friday, hitting $16.30. 256,575 shares of the company were exchanged, 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 business has a 50-day moving average of $17.08 and a 200-day moving average of $18.69.

MEG Energy Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 15th. Investors 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 of this dividend 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.