Whitecap Resources Inc. (OTCMKTS:SPGYF) Short Interest Down 14.4% in April

Whitecap Resources Inc. (OTCMKTS:SPGYF) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 19,232,800 shares, a drop of 14.4% from the March 31st total of 22,480,100 shares. Based on an average trading volume of 68,900 shares, the days-to-cover ratio is presently 279.1 days.

Whitecap Resources Trading Down 1.1 %

Shares of Whitecap Resources stock opened at $7.88 on Monday. Whitecap Resources has a twelve month low of $6.02 and a twelve month high of $8.98. The business’s fifty day moving average price is $7.39 and its 200 day moving average price is $7.10.

Whitecap Resources Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.0442 per share. This represents a dividend yield of 7.08%. The ex-dividend date of this dividend is Monday, April 29th. Whitecap Resources’s dividend payout ratio is presently 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.