Short Interest in MEG Energy Corp. (OTCMKTS:MEGEF) Rises By 26.4%

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

MEG Energy Trading Up 3.6 %

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

MEG Energy Cuts Dividend

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

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.