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

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

Whitecap Resources Price Performance

Shares of SPGYF stock opened at $7.88 on Monday. Whitecap Resources has a 12-month low of $6.02 and a 12-month high of $8.98. The firm has a fifty day moving average of $7.39 and a 200-day moving average of $7.10.

Whitecap Resources Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.0442 dividend. 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 (DPR) 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.