Hammond Power Solutions Inc. (OTCMKTS:HMDPF) Sees Large Decline in Short Interest

Hammond Power Solutions Inc. (OTCMKTS:HMDPF) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 200,000 shares, a drop of 17.4% from the September 15th total of 242,000 shares. Based on an average daily trading volume, of 5,800 shares, the days-to-cover ratio is presently 34.5 days.

Hammond Power Solutions Stock Performance

OTCMKTS:HMDPF traded down C$5.64 during midday trading on Tuesday, reaching C$104.36. The stock had a trading volume of 349 shares, compared to its average volume of 1,777. Hammond Power Solutions has a 1-year low of C$40.24 and a 1-year high of C$117.26. The firm’s fifty day simple moving average is C$92.80 and its 200-day simple moving average is C$88.45.

Hammond Power Solutions Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.2032 dividend. The ex-dividend date was Friday, September 20th. This is a positive change from Hammond Power Solutions’s previous dividend of $0.20. This represents a yield of 0.9%. Hammond Power Solutions’s dividend payout ratio (DPR) is presently 58.97%.

About Hammond Power Solutions

Hammond Power Solutions Inc, together with its subsidiaries, engages in the design, manufacture, and sale of various transformers in Canada, the United States, Mexico, and India. It offers custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers, and standard electrical transformers to the electrical and electronic industries.