Innergex Renewable Energy Inc. (OTCMKTS:INGXF) Short Interest Update

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 1,923,000 shares, an increase of 6.5% from the December 15th total of 1,806,300 shares. Based on an average daily trading volume, of 25,800 shares, the short-interest ratio is presently 74.5 days.

Innergex Renewable Energy Stock Up 1.6 %

Shares of INGXF opened at $5.69 on Tuesday. Innergex Renewable Energy has a 1 year low of $5.26 and a 1 year high of $7.90. The company has a debt-to-equity ratio of 4.50, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a 50 day simple moving average of $5.87 and a two-hundred day simple moving average of $6.64. The firm has a market cap of $1.16 billion, a P/E ratio of -11.61 and a beta of 0.65.

Innergex Renewable Energy (OTCMKTS:INGXF) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Innergex Renewable Energy had a negative net margin of 13.73% and a negative return on equity of 1.70%. The company had revenue of $179.04 million during the quarter, compared to analysts’ expectations of $192.68 million. On average, analysts forecast that Innergex Renewable Energy will post -0.06 earnings per share for the current fiscal year.

Innergex Renewable Energy Cuts Dividend

The business also recently disclosed 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. This represents a dividend yield of 4.6%. The ex-dividend date was Tuesday, December 31st. Innergex Renewable Energy’s dividend payout ratio (DPR) is presently -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.