Innergex Renewable Energy Inc. (OTCMKTS:INGXF) Short Interest Up 6.4% in October

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 2,323,000 shares, an increase of 6.4% from the October 15th total of 2,183,100 shares. Based on an average daily trading volume, of 34,100 shares, the days-to-cover ratio is currently 68.1 days.

Innergex Renewable Energy Price Performance

Shares of OTCMKTS:INGXF opened at $6.08 on Monday. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.57 and a current ratio of 0.57. The business’s fifty day moving average price is $6.97 and its two-hundred day moving average price is $7.01. The stock has a market cap of $1.24 billion, a PE ratio of -12.41 and a beta of 0.66. Innergex Renewable Energy has a one year low of $5.26 and a one year high of $7.90.

Innergex Renewable Energy (OTCMKTS:INGXF) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Innergex Renewable Energy had a negative return on equity of 1.74% and a negative net margin of 13.73%. The business had revenue of $179.04 million for the quarter, compared to analyst estimates of $192.68 million. On average, analysts forecast that Innergex Renewable Energy will post -0.07 EPS for the current fiscal year.

Innergex Renewable Energy Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.0655 dividend. This represents a dividend yield of 3.57%. The ex-dividend date was Friday, September 27th. Innergex Renewable Energy’s dividend payout ratio is currently -55.10%.

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.