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

Whitecap Resources Inc. (OTCMKTS:SPGYF) was the recipient of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 27,334,300 shares, a decrease of 47.4% from the May 15th total of 51,945,900 shares. Based on an average daily trading volume, of 4,160,600 shares, the short-interest ratio is currently 6.6 days.

Whitecap Resources Stock Up 3.0%

Shares of SPGYF stock traded up $0.20 during trading hours on Friday, reaching $6.91. 2,446,646 shares of the stock were exchanged, compared to its average volume of 892,918. The business’s fifty day moving average is $6.00 and its two-hundred day moving average is $6.48. Whitecap Resources has a 12-month low of $4.90 and a 12-month high of $8.30.

Whitecap Resources Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.0434 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 8.22%. Whitecap Resources’s payout ratio is 47.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. National Bankshares reaffirmed an “outperform” rating on shares of Whitecap Resources in a research note on Tuesday, May 13th. Desjardins reaffirmed a “buy” rating on shares of Whitecap Resources in a research note on Tuesday, March 11th. Finally, Raymond James reissued an “outperform” rating on shares of Whitecap Resources in a research report on Tuesday, May 13th.

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.