Innergex Renewable Energy Inc. (OTCMKTS:INGXF) Sees Large Increase in Short Interest

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

Innergex Renewable Energy Stock Performance

OTCMKTS INGXF opened at $4.96 on Tuesday. The business’s 50 day moving average price is $5.71 and its 200-day moving average price is $6.47. Innergex Renewable Energy has a fifty-two week low of $4.81 and a fifty-two week high of $7.90. The company has a market cap of $1.01 billion, a P/E ratio of -10.12 and a beta of 0.65. The company has a debt-to-equity ratio of 4.50, a quick ratio of 0.56 and a current ratio of 0.56.

Innergex Renewable Energy (OTCMKTS:INGXF) last released its quarterly earnings data 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 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. Sell-side analysts predict that Innergex Renewable Energy will post -0.08 earnings per share for the current year.

Innergex Renewable Energy Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were paid a $0.0649 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a yield of 4.6%. Innergex Renewable Energy’s dividend payout ratio (DPR) is -51.02%.

Innergex Renewable Energy Company Profile

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.