MEG Energy Corp. (OTCMKTS:MEGEF) Short Interest Down 23.4% in March

MEG Energy Corp. (OTCMKTS:MEGEF) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 10,203,900 shares, a decrease of 23.4% from the February 28th total of 13,316,700 shares. Based on an average trading volume of 355,500 shares, the days-to-cover ratio is presently 28.7 days.

MEG Energy Stock Performance

MEGEF opened at $17.40 on Monday. The stock’s 50 day simple moving average is $16.40 and its 200 day simple moving average is $17.41. MEG Energy has a 1 year low of $13.78 and a 1 year high of $24.59.

MEG Energy Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 21st will be issued a $0.0693 dividend. This represents a dividend 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.