Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 2,252,700 shares, a growth of 10.0% from the January 15th total of 2,047,700 shares. Based on an average daily trading volume, of 68,600 shares, the days-to-cover ratio is currently 32.8 days.
Innergex Renewable Energy Trading Up 11.5 %
INGXF stock traded up $0.62 during mid-day trading on Thursday, reaching $6.01. 48,676 shares of the stock traded hands, compared to its average volume of 53,126. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 4.50. Innergex Renewable Energy has a 52-week low of $4.81 and a 52-week high of $7.90. The company has a market cap of $1.22 billion, a P/E ratio of -12.27 and a beta of 0.65. The stock's fifty day moving average is $5.43 and its 200-day moving average is $6.30.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.22. Innergex Renewable Energy had a negative return on equity of 1.70% and a negative net margin of 13.73%. As a group, sell-side analysts expect that Innergex Renewable Energy will post -0.08 earnings per share for the current year.
Innergex Renewable Energy Cuts Dividend
The firm also recently announced a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were issued a $0.0649 dividend. The ex-dividend date was Tuesday, December 31st. This represents a dividend yield of 4.6%. Innergex Renewable Energy's dividend payout ratio is -51.02%.
About Innergex Renewable Energy
(
Get Free Report)
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.
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