Innergex Renewable Energy Inc. (OTCMKTS:INGXF) Short Interest Update

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

Innergex Renewable Energy Trading Up 1.6 %

Shares of Innergex Renewable Energy stock opened at $5.69 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50. The business has a fifty day simple moving average of $5.88 and a 200-day simple moving average of $6.65. Innergex Renewable Energy has a fifty-two week low of $5.26 and a fifty-two week high of $7.90. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -11.61 and a beta of 0.65.

Innergex Renewable Energy (OTCMKTS:INGXF) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $179.04 million during the quarter, compared to analyst estimates of $192.68 million. Innergex Renewable Energy had a negative net margin of 13.73% and a negative return on equity of 1.70%. On average, equities analysts forecast that Innergex Renewable Energy will post -0.06 EPS for the current fiscal year.

Innergex Renewable Energy Cuts Dividend

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