Whitecap Resources Inc. (OTCMKTS:SPGYF – Get Free Report) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 9,208,200 shares, a decrease of 13.8% from the November 30th total of 10,687,900 shares. Based on an average daily volume of 204,700 shares, the days-to-cover ratio is presently 45.0 days.
Whitecap Resources Trading Up 0.6 %
OTCMKTS SPGYF opened at $7.05 on Tuesday. The firm’s 50 day simple moving average is $7.22 and its 200 day simple moving average is $7.40. Whitecap Resources has a 1 year low of $6.02 and a 1 year high of $8.30.
Whitecap Resources Cuts Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st will be paid a $0.0427 dividend. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 7.47%. 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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