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

MEG Energy Corp. (OTCMKTS:MEGEF) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 12,892,700 shares, an increase of 26.4% from the March 15th total of 10,203,900 shares. Based on an average daily volume of 150,000 shares, the days-to-cover ratio is currently 86.0 days.

MEG Energy Stock Up 3.6 %

MEGEF stock opened at $15.10 on Friday. The company has a 50-day simple moving average of $15.87 and a 200 day simple moving average of $16.98. MEG Energy has a fifty-two week low of $12.00 and a fifty-two week high of $23.76.

MEG Energy Cuts Dividend

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

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.