Hammond Power Solutions Inc. (OTCMKTS:HMDPF) Short Interest Update

Hammond Power Solutions Inc. (OTCMKTS:HMDPF) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 339,000 shares, an increase of 21.0% from the October 31st total of 280,100 shares. Based on an average trading volume of 4,000 shares, the short-interest ratio is currently 84.8 days.

Hammond Power Solutions Price Performance

OTCMKTS HMDPF remained flat at C$101.11 during mid-day trading on Monday. 139 shares of the company were exchanged, compared to its average volume of 1,948. Hammond Power Solutions has a 52 week low of C$55.59 and a 52 week high of C$117.26. The business’s 50-day moving average price is C$98.72 and its two-hundred day moving average price is C$88.25.

Hammond Power Solutions Increases Dividend

The business also recently announced a dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.2032 dividend. This represents a yield of 0.9%. The ex-dividend date was Friday, September 20th. This is an increase from Hammond Power Solutions’s previous dividend of $0.20. Hammond Power Solutions’s payout ratio is 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.