Whitecap Resources Inc. (OTCMKTS:SPGYF) Short Interest Up 22.7% in April

Whitecap Resources Inc. (OTCMKTS:SPGYF) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 57,481,700 shares, an increase of 22.7% from the March 31st total of 46,865,500 shares. Based on an average daily volume of 673,200 shares, the days-to-cover ratio is currently 85.4 days.

Whitecap Resources Price Performance

Whitecap Resources stock opened at $5.66 on Friday. The stock has a 50-day simple moving average of $6.04 and a 200-day simple moving average of $6.75. Whitecap Resources has a fifty-two week low of $4.90 and a fifty-two week high of $8.30.

Whitecap Resources Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.0437 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This is a positive change from Whitecap Resources’s previous dividend of $0.04. This represents a dividend yield of 8.89%. Whitecap Resources’s dividend payout ratio (DPR) is 47.33%.

Wall Street Analysts Forecast Growth

Separately, Desjardins reaffirmed a “buy” rating on shares of Whitecap Resources in a research report on Tuesday, March 11th.

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.