McCoy Global Inc. (OTCMKTS:MCCRF) Sees Significant Decrease in Short Interest

Posted by Trevor Kearing on Nov 13th, 2024

McCoy Global Inc. (OTCMKTS:MCCRF – Get Free Report) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 14,800 shares, a drop of 54.0% from the October 15th total of 32,200 shares. Based on an average trading volume of 23,500 shares, the short-interest ratio is currently 0.6 days.

McCoy Global Stock Performance

MCCRF remained flat at $2.12 during trading on Wednesday. The company’s stock had a trading volume of 2,379 shares, compared to its average volume of 15,519. McCoy Global has a 12-month low of $1.12 and a 12-month high of $2.77. The business’s fifty day simple moving average is $2.00 and its two-hundred day simple moving average is $1.66.

McCoy Global Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.0146 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a dividend yield of 3.83%. McCoy Global’s payout ratio is presently 40.32%.

McCoy Global Company Profile

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McCoy Global Inc provides equipment and technologies to support tubular running operations that enhance wellbore integrity and assist with collecting critical data for the energy industry. The company’s products are used during the well construction phase for land and offshore wells during oil and gas exploration and development.