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

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) saw a significant 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 volume of 68,600 shares, the short-interest ratio is presently 32.8 days.

Innergex Renewable Energy Price Performance

Shares of INGXF stock traded up $0.03 during trading on Friday, hitting $5.21. The company had a trading volume of 9,795 shares, compared to its average volume of 51,112. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50. The stock’s 50-day moving average is $5.48 and its two-hundred day moving average is $6.33. Innergex Renewable Energy has a 52 week low of $4.81 and a 52 week high of $7.90.

Innergex Renewable Energy Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were paid a $0.0649 dividend. This represents a yield of 4.6%. The ex-dividend date was Tuesday, December 31st. Innergex Renewable Energy’s dividend payout ratio is currently -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.