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

Whitecap Resources Inc. (OTCMKTS:SPGYF) was the target of a large decrease in short interest in 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 currently 45.0 days.

Whitecap Resources Price Performance

SPGYF stock opened at $7.01 on Monday. Whitecap Resources has a 1 year low of $6.02 and a 1 year high of $8.30. The firm has a 50-day moving average of $7.23 and a 200 day moving average of $7.40.

Whitecap Resources Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st will be given a $0.0427 dividend. This represents a dividend yield of 7.47%. The ex-dividend date of this dividend is Tuesday, December 31st. Whitecap Resources’s dividend payout ratio is currently 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.