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

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 2,719,400 shares, a growth of 17.1% from the October 31st total of 2,323,000 shares. Based on an average trading volume of 63,400 shares, the short-interest ratio is currently 42.9 days.

Innergex Renewable Energy Stock Performance

Shares of INGXF stock traded down $0.11 during mid-day trading on Monday, hitting $6.19. The stock had a trading volume of 8,700 shares, compared to its average volume of 49,886. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market cap of $1.26 billion, a PE ratio of -12.63 and a beta of 0.66. The company’s 50-day simple moving average is $6.78 and its 200-day simple moving average is $7.01. Innergex Renewable Energy has a fifty-two week low of $5.26 and a fifty-two week high of $7.90.

Innergex Renewable Energy (OTCMKTS:INGXF) last posted its earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $179.04 million during the quarter, compared to analysts’ expectations of $192.68 million. Innergex Renewable Energy had a negative net margin of 13.73% and a negative return on equity of 1.74%. Sell-side analysts anticipate that Innergex Renewable Energy will post -0.07 earnings per share for the current year.

Innergex Renewable Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.0655 dividend. This represents a yield of 3.57%. The ex-dividend date of this dividend was Friday, September 27th. Innergex Renewable Energy’s dividend payout ratio (DPR) is presently -53.06%.

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.