Innergex Renewable Energy Inc. (OTCMKTS:INGXF) Sees Large Increase in Short Interest

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 2,252,700 shares, an increase of 10.0% from the January 15th total of 2,047,700 shares. Based on an average daily trading volume, of 68,600 shares, the days-to-cover ratio is currently 32.8 days.

Innergex Renewable Energy Stock Up 0.5 %

INGXF stock traded up $0.03 on Friday, hitting $5.21. 9,795 shares of the company’s stock were exchanged, compared to its average volume of 51,112. Innergex Renewable Energy has a 12-month low of $4.81 and a 12-month high of $7.90. The firm has a 50 day moving average price of $5.48 and a two-hundred day moving average price of $6.33. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50.

Innergex Renewable Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were paid a dividend of $0.0649 per share. The ex-dividend date was Tuesday, December 31st. This represents a yield of 4.6%. Innergex Renewable Energy’s dividend payout ratio (DPR) is -51.02%.

About Innergex Renewable Energy

Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.