Hammond Power Solutions Inc. (OTCMKTS:HMDPF – Get Free Report) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 293,000 shares, a drop of 13.8% from the January 15th total of 339,800 shares. Based on an average daily volume of 4,100 shares, the short-interest ratio is presently 71.5 days.
Hammond Power Solutions Stock Performance
Shares of HMDPF opened at C$64.61 on Tuesday. The firm has a 50-day moving average price of C$81.27 and a 200 day moving average price of C$89.38. Hammond Power Solutions has a 52-week low of C$63.00 and a 52-week high of C$117.26.
Hammond Power Solutions Cuts Dividend
The company also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 16th were issued a dividend of $0.1955 per share. The ex-dividend date was Friday, December 13th. This represents a yield of 0.83%. Hammond Power Solutions’s payout ratio is 58.97%.
About Hammond Power Solutions
Hammond Power Solutions Inc, together with its subsidiaries, engages in the design, manufacture, and sale of various transformers in Canada, the United States, Mexico, and India. It offers custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers, and standard electrical transformers to the electrical and electronic industries.
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