McCoy Global Inc. (OTCMKTS:MCCRF) Sees Large Growth in Short Interest

McCoy Global Inc. (OTCMKTS:MCCRF) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 44,600 shares, a growth of 30.8% from the March 31st total of 34,100 shares. Based on an average daily trading volume, of 39,500 shares, the days-to-cover ratio is presently 1.1 days.

McCoy Global Stock Performance

McCoy Global stock remained flat at $1.42 during midday trading on Tuesday. McCoy Global has a 12-month low of $0.99 and a 12-month high of $1.79. The business’s fifty day moving average is $1.49 and its two-hundred day moving average is $1.42.

McCoy Global Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.0148 per share. This represents a yield of 4.04%. This is a boost from McCoy Global’s previous dividend of $0.01. The ex-dividend date was Wednesday, March 27th. McCoy Global’s dividend payout ratio is currently 40.32%.

McCoy Global Company Profile

McCoy Global Inc provides equipment and technologies to support tubular running operations that enhance wellbore integrity and assist with collecting critical data for the energy industry primarily in Canada, the United States, Latin America, the Middle East, Africa, Europe, and the Asia-Pacific. The company designs, produces, and distributes capital equipment to support tubular running operation; enhance wellbore integrity; and supports capital equipment sales through aftermarket products and services, such as technical support, consumables, and replacement parts.