Whitecap Resources Inc. (OTCMKTS:SPGYF) Short Interest Update

Whitecap Resources Inc. (OTCMKTS:SPGYF) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 28,133,600 shares, an increase of 137.5% from the February 28th total of 11,848,200 shares. Based on an average daily volume of 1,131,400 shares, the short-interest ratio is presently 24.9 days.

Wall Street Analyst Weigh In

Separately, Desjardins restated a “buy” rating on shares of Whitecap Resources in a research note on Tuesday, March 11th.

Whitecap Resources Price Performance

Shares of OTCMKTS:SPGYF opened at $6.51 on Friday. The business has a 50-day simple moving average of $6.64 and a two-hundred day simple moving average of $7.11. Whitecap Resources has a fifty-two week low of $5.47 and a fifty-two week high of $8.30.

Whitecap Resources Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.0423 per share. The ex-dividend date is Monday, March 31st. This represents a dividend yield of 7.77%. Whitecap Resources’s payout ratio is 47.33%.

About Whitecap Resources

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.