Short Interest in MEG Energy Corp. (OTCMKTS:MEGEF) Grows By 18.4%

MEG Energy Corp. (OTCMKTS:MEGEF) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 13,316,700 shares, a growth of 18.4% from the February 13th total of 11,251,200 shares. Based on an average trading volume of 510,600 shares, the days-to-cover ratio is currently 26.1 days.

MEG Energy Price Performance

OTCMKTS:MEGEF opened at $17.47 on Thursday. MEG Energy has a 12-month low of $13.78 and a 12-month high of $24.59. The stock’s 50 day simple moving average is $16.28 and its 200-day simple moving average is $17.45.

MEG Energy Cuts Dividend

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