Polaris Renewable Energy Inc. (OTCMKTS:RAMPF) Short Interest Up 50.9% in August

Polaris Renewable Energy Inc. (OTCMKTS:RAMPF) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 65,500 shares, a growth of 50.9% from the August 15th total of 43,400 shares. Based on an average daily volume of 3,100 shares, the short-interest ratio is currently 21.1 days.

Polaris Renewable Energy Stock Performance

OTCMKTS RAMPF remained flat at $9.25 during trading hours on Monday. 13 shares of the company traded hands, compared to its average volume of 1,471. The stock has a 50 day simple moving average of $9.05 and a two-hundred day simple moving average of $8.98. Polaris Renewable Energy has a 12 month low of $7.94 and a 12 month high of $11.57.

Polaris Renewable Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.60 annualized dividend and a yield of 6.49%.

About Polaris Renewable Energy

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.