Short Interest in MEG Energy Corp. (OTCMKTS:MEGEF) Rises By 30.6%

MEG Energy Corp. (OTCMKTS:MEGEF) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 9,145,900 shares, an increase of 30.6% from the December 15th total of 7,000,600 shares. Based on an average daily volume of 75,300 shares, the short-interest ratio is presently 121.5 days.

MEG Energy Stock Performance

MEGEF traded up $0.24 during trading on Friday, hitting $16.30. The stock had a trading volume of 256,575 shares, compared to its average volume of 185,698. The company has a 50 day moving average price of $17.08 and a 200-day moving average price of $18.67. MEG Energy has a one year low of $14.97 and a one year high of $24.59.

MEG Energy Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 17th were paid a $0.0722 dividend. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 1.73%.

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.