Short Interest in Innergex Renewable Energy Inc. (OTCMKTS:INGXF) Rises By 6.5%

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 1,923,000 shares, a growth 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 Trading Up 1.6 %

Shares of INGXF stock opened at $5.69 on Friday. The company’s fifty day simple moving average is $5.88 and its two-hundred day simple moving average is $6.66. 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 market capitalization of $1.16 billion, a price-to-earnings ratio of -11.61 and a beta of 0.65.

Innergex Renewable Energy (OTCMKTS:INGXF) last posted its earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. Innergex Renewable Energy had a negative return on equity of 1.70% and a negative net margin of 13.73%. The company had revenue of $179.04 million for the quarter, compared to analyst estimates of $192.68 million. As a group, analysts anticipate that Innergex Renewable Energy will post -0.06 earnings per share for the current year.

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.