Short Interest in Northland Power Inc. (OTCMKTS:NPIFF) Expands By 29.9%

Northland Power Inc. (OTCMKTS:NPIFF) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 12,468,600 shares, a growth of 29.9% from the January 15th total of 9,596,000 shares. Based on an average daily volume of 121,900 shares, the days-to-cover ratio is currently 102.3 days.

Northland Power Price Performance

Shares of Northland Power stock traded down $0.02 during trading on Friday, hitting $12.11. 135,442 shares of the stock traded hands, compared to its average volume of 95,681. The firm’s fifty day moving average is $12.50 and its 200-day moving average is $14.60. Northland Power has a 52 week low of $11.04 and a 52 week high of $18.11.

Northland Power Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.0693 dividend. This represents a yield of 6.54%. The ex-dividend date is Friday, January 31st. Northland Power’s payout ratio is -341.67%.

Northland Power Company Profile

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.