Short Interest in Northland Power Inc. (OTCMKTS:NPIFF) Grows By 29.9%

Northland Power Inc. (OTCMKTS:NPIFF) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 12,468,600 shares, a growth of 29.9% from the January 15th total of 9,596,000 shares. Based on an average trading volume of 121,900 shares, the short-interest ratio is presently 102.3 days.

Northland Power Trading Down 0.2 %

Shares of NPIFF traded down $0.02 on Friday, reaching $12.11. The company’s stock had a trading volume of 135,442 shares, compared to its average volume of 95,681. Northland Power has a twelve month low of $11.04 and a twelve month high of $18.11. The firm has a fifty day moving average of $12.50 and a 200-day moving average of $14.60.

Northland Power Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.0693 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a dividend yield of 6.54%. Northland Power’s dividend payout ratio is presently -341.67%.

Northland Power Company Profile

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.