Short Interest in Innergex Renewable Energy Inc. (OTCMKTS:INGXF) Expands By 10.5%

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 1,786,700 shares, a growth of 10.5% from the May 31st total of 1,616,200 shares. Based on an average trading volume of 62,500 shares, the short-interest ratio is presently 28.6 days.

Innergex Renewable Energy Stock Up 7.7 %

Shares of OTCMKTS:INGXF traded up $0.54 during midday trading on Tuesday, reaching $7.57. 64,732 shares of the company were exchanged, compared to its average volume of 48,373. The firm has a market cap of $1.54 billion, a PE ratio of -14.65 and a beta of 0.65. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 5.74. Innergex Renewable Energy has a fifty-two week low of $5.26 and a fifty-two week high of $10.22. The stock has a fifty day simple moving average of $6.82 and a two-hundred day simple moving average of $6.48.

Innergex Renewable Energy (OTCMKTS:INGXF) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $179.91 million during the quarter. Innergex Renewable Energy had a negative net margin of 12.81% and a negative return on equity of 0.69%.

Innergex Renewable Energy Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a dividend of $0.0659 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a dividend yield of 3.51%. Innergex Renewable Energy’s dividend payout ratio is currently -54.17%.

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.