Short Interest in Hammond Power Solutions Inc. (OTCMKTS:HMDPF) Grows By 21.0%

Hammond Power Solutions Inc. (OTCMKTS:HMDPF) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 339,000 shares, an increase of 21.0% from the October 31st total of 280,100 shares. Based on an average trading volume of 4,000 shares, the short-interest ratio is currently 84.8 days.

Hammond Power Solutions Stock Performance

Shares of OTCMKTS:HMDPF traded up C$4.23 during midday trading on Monday, hitting C$101.11. 1,200 shares of the stock traded hands, compared to its average volume of 1,948. The business’s 50 day moving average is C$98.72 and its two-hundred day moving average is C$88.25. Hammond Power Solutions has a one year low of C$55.59 and a one year high of C$117.26.

Hammond Power Solutions Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.2032 dividend. This represents a dividend yield of 0.9%. This is a positive change from Hammond Power Solutions’s previous dividend of $0.20. The ex-dividend date was Friday, September 20th. Hammond Power Solutions’s dividend payout ratio (DPR) is presently 58.97%.

Hammond Power Solutions Company Profile

Hammond Power Solutions Inc, together with its subsidiaries, engages in the design, manufacture, and sale of various transformers in Canada, the United States, Mexico, and India. It offers custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers, and standard electrical transformers to the electrical and electronic industries.