Northland Power Inc. (OTCMKTS:NPIFF) Sees Large Growth in Short Interest

Northland Power Inc. (OTCMKTS:NPIFF) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 10,548,000 shares, an increase of 27.7% from the December 15th total of 8,260,300 shares. Based on an average daily trading volume, of 17,300 shares, the days-to-cover ratio is presently 609.7 days.

Northland Power Stock Performance

Shares of OTCMKTS:NPIFF traded up $0.21 during mid-day trading on Friday, hitting $13.37. 165,080 shares of the company traded hands, compared to its average volume of 80,889. The firm’s 50 day simple moving average is $13.42 and its 200 day simple moving average is $15.34. Northland Power has a 52-week low of $11.88 and a 52-week high of $18.98.

Northland Power Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.0693 per share. The ex-dividend date is Friday, January 31st. This represents a dividend yield of 6.54%. Northland Power’s dividend payout ratio is currently -341.67%.

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.