Short Interest in Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) Declines By 16.6%

Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 12,040,500 shares, a drop of 16.6% from the March 15th total of 14,430,000 shares. Based on an average daily volume of 204,000 shares, the short-interest ratio is presently 59.0 days.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets raised Peyto Exploration & Development to an “outperform” rating in a report on Monday, March 24th.

Peyto Exploration & Development Price Performance

Peyto Exploration & Development stock opened at $12.73 on Tuesday. Peyto Exploration & Development has a 52 week low of $7.88 and a 52 week high of $13.05. The business’s fifty day moving average is $11.73 and its two-hundred day moving average is $11.49.

Peyto Exploration & Development Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.0765 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a dividend yield of 7.58%. Peyto Exploration & Development’s payout ratio is 74.96%.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.