Polaris Renewable Energy Inc. (OTCMKTS:RAMPF) Short Interest Update

Polaris Renewable Energy Inc. (OTCMKTS:RAMPF) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 101,500 shares, an increase of 21.1% from the February 13th total of 83,800 shares. Based on an average daily trading volume, of 3,900 shares, the days-to-cover ratio is currently 26.0 days.

Polaris Renewable Energy Trading Up 2.8 %

RAMPF traded up $0.23 during trading on Tuesday, reaching $8.50. 767 shares of the company’s stock were exchanged, compared to its average volume of 2,602. Polaris Renewable Energy has a one year low of $7.94 and a one year high of $10.60. The firm has a fifty day moving average price of $8.75 and a two-hundred day moving average price of $8.98.

Polaris Renewable Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, February 17th. This represents a $0.60 annualized dividend and a dividend yield of 7.06%.

About Polaris Renewable Energy

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.