Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 2,241,900 shares, a decline of 10.8% from the September 15th total of 2,514,200 shares. Based on an average daily volume of 33,100 shares, the short-interest ratio is currently 67.7 days.
Innergex Renewable Energy Stock Performance
Shares of Innergex Renewable Energy stock traded up $1.49 on Tuesday, hitting $7.04. The stock had a trading volume of 53,187 shares, compared to its average volume of 49,682. Innergex Renewable Energy has a 52-week low of $5.26 and a 52-week high of $7.90. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 4.19. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of -14.67 and a beta of 0.65. The company's 50 day moving average price is $7.04 and its 200 day moving average price is $6.88.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported ($0.02) earnings per share for the quarter. Innergex Renewable Energy had a negative net margin of 13.13% and a negative return on equity of 2.08%. The firm had revenue of $175.05 million during the quarter. On average, research analysts anticipate that Innergex Renewable Energy will post -0.08 EPS for the current year.
Innergex Renewable Energy Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.0655 per share. This represents a yield of 3.57%. The ex-dividend date of this dividend is Friday, September 27th. Innergex Renewable Energy's dividend payout ratio is presently -54.17%.
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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