Short Interest in Hammond Power Solutions Inc. (OTCMKTS:HMDPF) Rises By 17.8%

Hammond Power Solutions Inc. (OTCMKTS:HMDPF) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 242,000 shares, an increase of 17.8% from the August 31st total of 205,500 shares. Based on an average daily trading volume, of 1,500 shares, the days-to-cover ratio is currently 161.3 days.

Hammond Power Solutions Stock Down 0.6 %

OTCMKTS HMDPF traded down C$0.58 during trading hours on Monday, reaching C$101.75. 200 shares of the company’s stock were exchanged, compared to its average volume of 1,808. Hammond Power Solutions has a one year low of C$35.79 and a one year high of C$117.26. The firm has a fifty day moving average of C$87.81 and a 200-day moving average of C$87.38.

Hammond Power Solutions Increases Dividend

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