Innergex Renewable Energy Inc. (OTCMKTS:INGXF) Short Interest Up 6.4% in October

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 2,323,000 shares, an increase of 6.4% from the October 15th total of 2,183,100 shares. Based on an average daily volume of 34,100 shares, the short-interest ratio is currently 68.1 days.

Innergex Renewable Energy Trading Down 2.4 %

Shares of INGXF opened at $6.08 on Monday. Innergex Renewable Energy has a twelve month low of $5.26 and a twelve month high of $7.90. The firm has a market capitalization of $1.24 billion, a P/E ratio of -12.41 and a beta of 0.66. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 4.19. The stock’s fifty day simple moving average is $6.97 and its 200 day simple moving average is $7.01.

Innergex Renewable Energy (OTCMKTS:INGXF) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $179.04 million for the quarter, compared to the consensus estimate of $192.68 million. Innergex Renewable Energy had a negative return on equity of 1.74% and a negative net margin of 13.73%. On average, equities research analysts forecast that Innergex Renewable Energy will post -0.07 earnings per share for the current year.

Innergex Renewable Energy Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.0655 dividend. This represents a yield of 3.57%. The ex-dividend date was Friday, September 27th. Innergex Renewable Energy’s dividend payout ratio (DPR) is presently -55.10%.

About Innergex Renewable Energy

Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.