Short Interest in McCoy Global Inc. (OTCMKTS:MCCRF) Declines By 30.5%

McCoy Global Inc. (OTCMKTS:MCCRF) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 24,200 shares, a drop of 30.5% from the August 15th total of 34,800 shares. Based on an average trading volume of 24,700 shares, the days-to-cover ratio is currently 1.0 days.

McCoy Global Stock Performance

MCCRF remained flat at $1.43 during midday trading on Monday. The company has a 50 day moving average of $1.48 and a two-hundred day moving average of $1.47. McCoy Global has a 52 week low of $1.03 and a 52 week high of $1.79.

McCoy Global Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were given a dividend of $0.0146 per share. This represents a yield of 4.07%. The ex-dividend date was Friday, June 28th. McCoy Global’s payout ratio is presently 40.32%.

About McCoy Global

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 primarily in Canada, the United States, Latin America, the Middle East, Africa, Europe, and the Asia-Pacific. The company designs, produces, and distributes capital equipment to support tubular running operation; enhance wellbore integrity; and supports capital equipment sales through aftermarket products and services, such as technical support, consumables, and replacement parts.