Northland Power Inc. (OTCMKTS:NPIFF) Short Interest Down 18.4% in February

Northland Power Inc. (OTCMKTS:NPIFF) was the recipient of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 10,178,200 shares, a drop of 18.4% from the January 31st total of 12,468,600 shares. Based on an average daily volume of 110,300 shares, the short-interest ratio is presently 92.3 days.

Northland Power Trading Down 1.5 %

NPIFF stock opened at $13.40 on Tuesday. The firm has a 50 day moving average of $12.49 and a 200-day moving average of $14.26. Northland Power has a 12-month low of $11.04 and a 12-month high of $18.11.

Northland Power Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.0699 per share. This represents a yield of 6.92%. This is an increase from Northland Power’s previous dividend of $0.07. The ex-dividend date is Friday, February 28th. Northland Power’s payout ratio is presently -341.67%.

Northland Power Company Profile

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.