Hammond Power Solutions Inc. (OTCMKTS:HMDPF) Short Interest Down 17.4% in September

Hammond Power Solutions Inc. (OTCMKTS:HMDPF) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 200,000 shares, a drop of 17.4% from the September 15th total of 242,000 shares. Based on an average daily volume of 5,800 shares, the short-interest ratio is presently 34.5 days.

Hammond Power Solutions Stock Performance

Hammond Power Solutions stock opened at C$108.00 on Monday. The business has a 50 day simple moving average of C$92.09 and a 200 day simple moving average of C$88.43. Hammond Power Solutions has a one year low of C$38.04 and a one year high of C$117.26.

Hammond Power Solutions Increases Dividend

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