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

MEG Energy Corp. (OTCMKTS:MEGEF) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 10,203,900 shares, a decline of 23.4% from the February 28th total of 13,316,700 shares. Based on an average daily volume of 355,500 shares, the short-interest ratio is presently 28.7 days.

MEG Energy Price Performance

Shares of MEG Energy stock traded up $0.11 during trading hours on Tuesday, reaching $17.64. The company had a trading volume of 48,063 shares, compared to its average volume of 253,214. MEG Energy has a one year low of $13.78 and a one year high of $24.59. The business has a fifty day simple moving average of $16.43 and a 200 day simple moving average of $17.41.

MEG Energy Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 21st will be given a $0.0693 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a dividend yield of 1.61%.

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.