Northland Power Inc. (OTCMKTS:NPIFF) Sees Large Decline in Short Interest

Northland Power Inc. (OTCMKTS:NPIFF) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 8,847,400 shares, a decline of 15.6% from the February 28th total of 10,481,700 shares. Based on an average daily trading volume, of 120,900 shares, the short-interest ratio is currently 73.2 days.

Analyst Upgrades and Downgrades

Separately, Raymond James reiterated an “outperform” rating on shares of Northland Power in a report on Friday, February 28th.

Northland Power Trading Down 0.5 %

NPIFF stock opened at $13.67 on Wednesday. The business’s fifty day moving average price is $12.81 and its 200 day moving average price is $13.95. Northland Power has a 12-month low of $11.04 and a 12-month high of $18.11.

Northland Power Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.069 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a yield of 5.88%. Northland Power’s dividend payout ratio (DPR) 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.