Short Interest Ratio Indicates Bullish Canadian Stocks: $MFC $WPM $CNQ

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Manulife Financial's John Hancock Division Reports Its Q4 2020 Results

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Manulife Financial Corporation (TSX: MFC) has a short interest ratio of 4.28 which means investors think the price is to increase in the near-term. This means the sentiments are bullish on the stock. The company's John Hancock division has announced results for the quarter ended July 31, 2020. The preferred income fund was $8.86 million or $0.34 per share with preferred income fund II and III being 7.22 million or $0.339 per share and $9.678 million or $0.303 per share.

The company has priced an offering o principal amount $1.155 billion in Taiwan of 5.05% senior notes due August 27, 2060. The company will make the offering as per the prospectus supplement of August 13, 2020.

Wheaton Precious Metals Declares Dividend Of $0.1 Per Share For Q3 2020

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Wheaton Precious Metals Corp (TSX: WPM) is showing a bullish sentiment and its short interest ratio of 5.17 means investors think the price will increase in the near future. The company's board has declared a dividend of $0.1 per share for Q4 2020 which will be paid on September 10, 2020, to shareholders that will be on record by August 27, 2020. To minimize volatility in quarterly dividends the co9mpany set the quarterly dividend at a minimum of $0.1 per share for fiscal 2020.

In the second quarter, the company reported a 40% increase in operating cash flow to $151 million and reduced net debt by $80 million. Also, the company entered a non-bonding term sheet with Caldas Gold Corp on the Marmato Project.

Canadian Natural Resources Produced 1,165 MBOE/D In Q2 2020

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Canadian Natural Resources Ltd (TSX: CNQ) whose short-interest ratio is 2.21 which means that investors expect the price of the stock is to increase in the near-term. This means there is bullish sentiment on the stock. The company has announced its Q2 2020 results in which production was 1,165 mboe/d. In the quarter, the company generated $415 million funds flow which is a reflection of a declining asset base.

The company has entered an acquisition agreement to acquire all outstanding and issued common shares of Painted Pony for $0.69 per share. The companies will complete the transaction through a plan of arrangement as per the Business Corporations Act.

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