Whitecap Resources Inc. (OTCMKTS:SPGYF) Short Interest Update

Posted by Trevor Kearing on Jan 31st, 2025

Whitecap Resources Inc. (OTCMKTS:SPGYF – Get Free Report) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 7,151,800 shares, a decrease of 26.9% from the December 31st total of 9,781,000 shares. Based on an average daily trading volume, of 438,700 shares, the short-interest ratio is currently 16.3 days.

Whitecap Resources Trading Down 0.2 %

OTCMKTS:SPGYF opened at $6.76 on Friday. Whitecap Resources has a 52 week low of $6.02 and a 52 week high of $8.30. The company’s 50 day moving average price is $7.06 and its 200-day moving average price is $7.36.

Whitecap Resources Cuts Dividend

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

About Whitecap Resources

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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.