Short Interest in Innergex Renewable Energy Inc. (OTCMKTS:INGXF) Grows By 10.5%

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 1,786,700 shares, an increase of 10.5% from the May 31st total of 1,616,200 shares. Based on an average trading volume of 62,500 shares, the short-interest ratio is currently 28.6 days.

Innergex Renewable Energy Price Performance

OTCMKTS:INGXF traded up $0.54 during mid-day trading on Tuesday, hitting $7.57. 64,732 shares of the company’s stock traded hands, compared to its average volume of 48,373. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $1.54 billion, a PE ratio of -14.65 and a beta of 0.65. The firm’s 50 day simple moving average is $6.82 and its 200 day simple moving average is $6.48. Innergex Renewable Energy has a 1 year low of $5.26 and a 1 year high of $10.22.

Innergex Renewable Energy (OTCMKTS:INGXF) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.08) earnings per share for the quarter. Innergex Renewable Energy had a negative return on equity of 0.69% and a negative net margin of 12.81%. The business had revenue of $179.91 million for the quarter.

Innergex Renewable Energy Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be given a $0.0659 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a dividend yield of 3.51%. Innergex Renewable Energy’s dividend payout ratio is currently -54.17%.

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.