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

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

McCoy Global Price Performance

MCCRF remained flat at $1.42 on Tuesday. McCoy Global has a one year low of $0.99 and a one year high of $1.79. The stock has a 50 day simple moving average of $1.49 and a two-hundred day simple moving average of $1.42.

McCoy Global Increases Dividend

The business also recently announced a dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.0148 dividend. This represents a dividend yield of 4.04%. This is an increase from McCoy Global’s previous dividend of $0.01. The ex-dividend date of this dividend was Wednesday, March 27th. McCoy Global’s dividend payout ratio (DPR) is 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.