Northland Power Inc. (OTCMKTS:NPIFF) Sees Significant Growth in Short Interest

Northland Power Inc. (OTCMKTS:NPIFF) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 10,548,000 shares, a growth of 27.7% from the December 15th total of 8,260,300 shares. Based on an average trading volume of 17,300 shares, the short-interest ratio is presently 609.7 days.

Northland Power Stock Up 1.6 %

Shares of OTCMKTS NPIFF traded up $0.21 during mid-day trading on Friday, hitting $13.37. The company had a trading volume of 165,080 shares, compared to its average volume of 80,889. The business’s 50-day simple moving average is $13.42 and its 200-day simple moving average is $15.34. Northland Power has a 12 month low of $11.88 and a 12 month high of $18.98.

Northland Power Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.0693 dividend. This represents a dividend yield of 6.54%. The ex-dividend date is Friday, January 31st. Northland Power’s payout ratio is presently -341.67%.

About Northland Power

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.