Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 2,323,000 shares, a growth of 6.4% from the October 15th total of 2,183,100 shares. Based on an average daily trading volume, of 34,100 shares, the days-to-cover ratio is presently 68.1 days.
Innergex Renewable Energy Price Performance
Shares of OTCMKTS:INGXF traded up $0.01 during midday trading on Monday, hitting $6.09. The stock had a trading volume of 44,172 shares, compared to its average volume of 49,198. The company's 50-day moving average price is $6.97 and its 200-day moving average price is $7.02. Innergex Renewable Energy has a fifty-two week low of $5.26 and a fifty-two week high of $7.90. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 4.19. The company has a market capitalization of $1.24 billion, a P/E ratio of -12.41 and a beta of 0.66.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. Innergex Renewable Energy had a negative return on equity of 1.74% and a negative net margin of 13.73%. The company had revenue of $179.04 million during the quarter, compared to analysts' expectations of $192.68 million. As a group, equities research analysts predict that Innergex Renewable Energy will post -0.07 EPS for the current fiscal year.
Innergex Renewable Energy Cuts Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.0655 per share. This represents a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, September 27th. Innergex Renewable Energy's dividend payout ratio (DPR) is -55.10%.
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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