MEG Energy Corp. (OTCMKTS:MEGEF) Short Interest Up 18.4% in February

MEG Energy Corp. (OTCMKTS:MEGEF) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 13,316,700 shares, an increase 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 currently 26.1 days.

MEG Energy Stock Down 0.6 %

Shares of OTCMKTS MEGEF opened at $17.37 on Friday. The stock has a fifty day moving average price of $16.29 and a 200 day moving average price of $17.45. MEG Energy has a 1-year low of $13.78 and a 1-year high of $24.59.

MEG Energy Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 21st will be issued a $0.0693 dividend. This represents a yield of 1.61%. The ex-dividend date of this dividend is Thursday, March 20th.

MEG Energy Company Profile

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.