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

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

Northland Power Stock Performance

NPIFF traded down $0.02 during trading on Friday, reaching $12.11. 135,442 shares of the stock traded hands, compared to its average volume of 95,681. The stock’s 50-day moving average is $12.50 and its 200 day moving average is $14.60. Northland Power has a 12 month low of $11.04 and a 12 month high of $18.11.

Northland Power Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.0693 per share. The ex-dividend date is Friday, January 31st. This represents a yield of 6.54%. Northland Power’s dividend payout ratio (DPR) is currently -341.67%.

About Northland Power

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.