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

Northland Power Inc. (OTCMKTS:NPIFF) saw a large 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 trading volume of 120,900 shares, the short-interest ratio is currently 73.2 days.

Northland Power Stock Performance

Shares of NPIFF stock opened at $13.74 on Tuesday. The business has a fifty day simple moving average of $12.80 and a 200 day simple moving average of $13.97. Northland Power has a twelve month low of $11.04 and a twelve month high of $18.11.

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 issued a $0.069 dividend. The ex-dividend date is Monday, March 31st. This represents a dividend yield of 5.88%. Northland Power’s dividend payout ratio (DPR) is currently -341.67%.

Analyst Ratings Changes

Separately, Raymond James reissued an “outperform” rating on shares of Northland Power in a research note 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.