Northland Power Inc. (OTCMKTS:NPIFF) Sees Significant Growth in Short Interest

Northland Power Inc. (OTCMKTS:NPIFF) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 10,548,000 shares, a growth of 27.7% from the December 15th total of 8,260,300 shares. Based on an average daily trading volume, of 17,300 shares, the days-to-cover ratio is currently 609.7 days.

Northland Power Trading Up 1.6 %

Northland Power stock traded up $0.21 during mid-day trading on Friday, hitting $13.37. 165,080 shares of the company’s stock were exchanged, compared to its average volume of 80,889. Northland Power has a 1-year low of $11.88 and a 1-year high of $18.98. The stock has a 50 day moving average of $13.42 and a two-hundred day moving average of $15.34.

Northland Power Cuts Dividend

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

About Northland Power

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.