Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 2,323,000 shares, an increase of 6.4% from the October 15th total of 2,183,100 shares. Based on an average daily volume of 34,100 shares, the short-interest ratio is presently 68.1 days.
Innergex Renewable Energy Stock Performance
OTCMKTS INGXF opened at $6.08 on Monday. The firm has a market cap of $1.24 billion, a P/E ratio of -12.41 and a beta of 0.66. 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's 50 day moving average is $6.97 and its 200-day moving average is $7.01. Innergex Renewable Energy has a 12-month low of $5.26 and a 12-month high of $7.90.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share for the quarter, beating 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 business had revenue of $179.04 million during the quarter, compared to analyst estimates of $192.68 million. Sell-side analysts predict that Innergex Renewable Energy will post -0.07 earnings per share for the current year.
Innergex Renewable Energy Cuts Dividend
The business also recently announced a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.0655 per share. The ex-dividend date was Friday, September 27th. This represents a yield of 3.57%. Innergex Renewable Energy's payout ratio is presently -55.10%.
Innergex Renewable Energy Company Profile
(
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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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