MEG Energy Corp. (OTCMKTS:MEGEF – Get Free Report) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 3,644,500 shares, a decline of 23.9% from the October 15th total of 4,789,700 shares. Based on an average daily trading volume, of 50,000 shares, the days-to-cover ratio is currently 72.9 days.
MEG Energy Stock Up 2.3 %
Shares of MEGEF stock traded up $0.42 during midday trading on Friday, reaching $18.70. 12,677 shares of the company were exchanged, compared to its average volume of 152,016. The company’s 50 day moving average price is $18.84 and its two-hundred day moving average price is $20.18. MEG Energy has a 12 month low of $16.73 and a 12 month high of $24.59.
MEG Energy Dividend Announcement
The firm also recently disclosed a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Wednesday, September 18th were paid a $0.0723 dividend. The ex-dividend date was Tuesday, September 17th. This represents a dividend yield of 1.62%.
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.
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