Short Interest in Innergex Renewable Energy Inc. (OTCMKTS:INGXF) Drops By 13.3%

Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 2,357,200 shares, a decline of 13.3% from the November 15th total of 2,719,400 shares. Based on an average trading volume of 68,700 shares, the days-to-cover ratio is currently 34.3 days.

Innergex Renewable Energy Price Performance

INGXF stock traded up $0.01 during mid-day trading on Monday, reaching $5.91. 19,300 shares of the company's stock were exchanged, compared to its average volume of 49,204. The company has a debt-to-equity ratio of 4.50, a current ratio of 0.56 and a quick ratio of 0.56. Innergex Renewable Energy has a 12-month low of $5.26 and a 12-month high of $7.90. The stock's 50 day moving average is $6.47 and its 200 day moving average is $6.98. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -12.04 and a beta of 0.64.

Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The firm had revenue of $179.04 million for the quarter, compared to analysts' expectations of $192.68 million. Innergex Renewable Energy had a negative net margin of 13.73% and a negative return on equity of 1.70%. On average, research analysts expect that Innergex Renewable Energy will post -0.07 EPS for the current year.

Innergex Renewable Energy Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, October 15th. Investors 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 dividend yield of 3.57%. Innergex Renewable Energy's dividend payout ratio (DPR) is presently -53.06%.

Innergex Renewable Energy Company Profile

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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