MEG Energy Corp. (OTCMKTS:MEGEF – Get Free Report) was the recipient of a significant growth in short interest in 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 daily volume of 510,600 shares, the days-to-cover ratio is presently 26.1 days.
MEG Energy Stock Down 0.6 %
Shares of MEGEF opened at $17.37 on Friday. The stock has a 50 day moving average price of $16.29 and a 200 day moving average price of $17.45. MEG Energy has a 52-week low of $13.78 and a 52-week high of $24.59.
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 issued a $0.0693 dividend. This represents a dividend yield of 1.61%. The ex-dividend date is Thursday, March 20th.
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.
Read More
- Five stocks we like better than MEG Energy
- What does consumer price index measure?
- Everything About Amazon Stock Signals a Buy—Time to Load Up?
- Insider Trading – What You Need to Know
- 5 Reasons Five Below’s Stock Price Is Heading Higher This Year
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Broadcom: Why the Chip Stock Remains a Top Long-Term AI Play
Receive News & Ratings for MEG Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MEG Energy and related companies with MarketBeat.com's FREE daily email newsletter.
