Polaris Renewable Energy Inc. (OTCMKTS:RAMPF) Sees Significant Drop in Short Interest

Polaris Renewable Energy Inc. (OTCMKTS:RAMPF) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 83,000 shares, a drop of 18.2% from the February 28th total of 101,500 shares. Based on an average trading volume of 5,400 shares, the short-interest ratio is currently 15.4 days.

Polaris Renewable Energy Price Performance

Shares of OTCMKTS RAMPF opened at $8.14 on Wednesday. The stock’s 50 day simple moving average is $8.57 and its 200 day simple moving average is $8.93. Polaris Renewable Energy has a 12-month low of $7.94 and a 12-month high of $10.60.

Polaris Renewable Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date of this dividend was Monday, February 17th.

About Polaris Renewable Energy

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.