Whitecap Resources Inc. (OTCMKTS:SPGYF) Short Interest Up 33.7% in January

Whitecap Resources Inc. (OTCMKTS:SPGYF) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 9,560,500 shares, an increase of 33.7% from the January 15th total of 7,151,800 shares. Based on an average daily trading volume, of 116,800 shares, the short-interest ratio is currently 81.9 days.

Whitecap Resources Stock Down 0.2 %

Shares of OTCMKTS SPGYF opened at $6.85 on Friday. The business’s 50 day moving average is $6.94 and its two-hundred day moving average is $7.30. Whitecap Resources has a 12 month low of $6.00 and a 12 month high of $8.30.

Whitecap Resources Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a $0.0424 dividend. This represents a yield of 7.36%. The ex-dividend date is Friday, January 31st. Whitecap Resources’s dividend payout ratio is currently 47.33%.

About Whitecap Resources

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.