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

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

MEG Energy Price Performance

MEGEF stock traded up $0.24 during mid-day 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 firm has a fifty day simple moving average of $17.08 and a 200 day simple moving average of $18.67. MEG Energy has a 52 week low of $14.97 and a 52 week high of $24.59.

MEG Energy Cuts Dividend

The company also recently disclosed 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 of this dividend was Monday, December 16th. This represents a 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.