Whitecap Resources Inc. (OTCMKTS:SPGYF) Short Interest Down 45.7% in October

by · The Markets Daily

Whitecap Resources Inc. (OTCMKTS:SPGYF – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 9,813,200 shares, a decrease of 45.7% from the September 30th total of 18,088,500 shares. Based on an average daily trading volume, of 254,000 shares, the days-to-cover ratio is currently 38.6 days.

Whitecap Resources Trading Up 0.8 %

Shares of OTCMKTS SPGYF traded up $0.06 during midday trading on Friday, hitting $7.66. The company’s stock had a trading volume of 21,239 shares, compared to its average volume of 143,420. The business’s 50 day moving average is $7.61 and its two-hundred day moving average is $7.52. Whitecap Resources has a 12-month low of $6.02 and a 12-month high of $8.30.

Whitecap Resources Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.0441 per share. This represents a dividend yield of 7.07%. The ex-dividend date of this dividend is Thursday, October 31st. Whitecap Resources’s dividend payout ratio is currently 47.33%.

Whitecap Resources Company Profile

(Get Free Report)

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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