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

Whitecap Resources Inc. (OTCMKTS:SPGYF) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 21,815,500 shares, an increase of 19.6% from the August 31st total of 18,243,200 shares. Based on an average daily trading volume, of 282,000 shares, the short-interest ratio is currently 77.4 days.

Whitecap Resources Stock Up 0.7 %

Shares of OTCMKTS:SPGYF opened at $7.37 on Friday. Whitecap Resources has a twelve month low of $6.02 and a twelve month high of $8.73. The company has a 50 day moving average of $7.46 and a 200-day moving average of $7.48.

Whitecap Resources Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.0447 per share. The ex-dividend date of this dividend is Monday, September 30th. This is a boost from Whitecap Resources’s previous dividend of $0.04. This represents a dividend yield of 6.96%. 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.