Short Interest in Innergex Renewable Energy Inc. (OTCMKTS:INGXF) Expands By 6.5%

Innergex Renewable Energy Inc. (OTCMKTS:INGXFGet Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 1,923,000 shares, a growth of 6.5% from the December 31st total of 1,806,300 shares. Based on an average trading volume of 25,800 shares, the days-to-cover ratio is currently 74.5 days.

Innergex Renewable Energy Stock Performance

Shares of INGXF opened at $4.96 on Tuesday. Innergex Renewable Energy has a 12-month low of $4.81 and a 12-month high of $7.90. The stock has a market cap of $1.01 billion, a P/E ratio of -10.12 and a beta of 0.65. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 4.50. The company has a 50-day moving average of $5.71 and a two-hundred day moving average of $6.47.

Innergex Renewable Energy (OTCMKTS:INGXFGet Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Innergex Renewable Energy had a negative return on equity of 1.70% and a negative net margin of 13.73%. The firm had revenue of $179.04 million during the quarter, compared to the consensus estimate of $192.68 million. As a group, research analysts predict that Innergex Renewable Energy will post -0.08 EPS for the current fiscal year.

Innergex Renewable Energy Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were issued a $0.0649 dividend. The ex-dividend date was Tuesday, December 31st. This represents a yield of 4.6%. Innergex Renewable Energy’s dividend payout ratio (DPR) is presently -51.02%.

Innergex Renewable Energy Company Profile

(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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