Northland Power Inc. (OTCMKTS:NPIFF) Short Interest Down 15.6% in March

Northland Power Inc. (OTCMKTS:NPIFF) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 8,847,400 shares, a decrease of 15.6% from the February 28th total of 10,481,700 shares. Based on an average daily volume of 120,900 shares, the short-interest ratio is currently 73.2 days.

Northland Power Trading Up 0.8 %

Shares of Northland Power stock traded up $0.12 during trading on Thursday, hitting $13.79. 81,493 shares of the company’s stock were exchanged, compared to its average volume of 96,692. Northland Power has a 52-week low of $11.04 and a 52-week high of $18.11. The business has a 50-day simple moving average of $12.84 and a 200-day simple moving average of $13.94.

Northland Power Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.069 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a dividend yield of 5.88%. Northland Power’s payout ratio is -341.67%.

Analyst Ratings Changes

Separately, Raymond James reiterated an “outperform” rating on shares of Northland Power in a research report on Friday, February 28th.

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.