Innergex Renewable Energy Inc. (OTCMKTS:INGXF) Sees Significant Growth in Short Interest

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 2,252,700 shares, a growth of 10.0% from the January 15th total of 2,047,700 shares. Based on an average trading volume of 68,600 shares, the short-interest ratio is currently 32.8 days.

Innergex Renewable Energy Stock Up 0.5 %

Shares of INGXF stock traded up $0.03 during trading hours on Monday, reaching $5.21. 9,795 shares of the company’s stock were exchanged, compared to its average volume of 51,112. Innergex Renewable Energy has a 1 year low of $4.81 and a 1 year high of $7.90. The stock has a market cap of $1.06 billion, a PE ratio of -10.63 and a beta of 0.65. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 4.50. The stock’s fifty day moving average price is $5.48 and its two-hundred day moving average price is $6.33.

Innergex Renewable Energy Cuts Dividend

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