Innergex Renewable Energy Inc. (OTCMKTS:INGXF) Short Interest Up 19.0% in June

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 2,125,700 shares, a growth of 19.0% from the June 15th total of 1,786,700 shares. Based on an average trading volume of 37,900 shares, the short-interest ratio is currently 56.1 days.

Innergex Renewable Energy Stock Performance

INGXF remained flat at $7.89 on Tuesday. 10,703 shares of the company were exchanged, compared to its average volume of 62,390. The firm has a 50 day moving average of $7.17 and a two-hundred day moving average of $6.54. The stock has a market cap of $1.61 billion, a P/E ratio of -16.44 and a beta of 0.65. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.74 and a quick ratio of 0.74. Innergex Renewable Energy has a 12-month low of $5.26 and a 12-month high of $10.22.

Innergex Renewable Energy (OTCMKTS:INGXF) last announced its earnings results on Wednesday, May 8th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company 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 disclosed a dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were given a dividend of $0.0659 per share. The ex-dividend date was Friday, June 28th. This represents a dividend yield of 3.51%. Innergex Renewable Energy’s dividend payout ratio (DPR) is -54.17%.

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.