Whitecap Resources Inc. (OTCMKTS:SPGYF – Get Free Report) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 19,232,800 shares, a drop of 14.4% from the March 31st total of 22,480,100 shares. Based on an average daily volume of 68,900 shares, the short-interest ratio is currently 279.1 days.
Whitecap Resources Stock Down 0.8 %
Shares of OTCMKTS SPGYF opened at $7.77 on Tuesday. The firm’s fifty day moving average is $7.42 and its 200 day moving average is $7.09. Whitecap Resources has a 52 week low of $6.02 and a 52 week high of $8.98.
Whitecap Resources Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.0442 dividend. This represents a dividend yield of 7.08%. The ex-dividend date is Monday, April 29th. Whitecap Resources’s payout ratio is 47.33%.
Whitecap Resources Company Profile
Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.
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