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

Northland Power Inc. (OTCMKTS:NPIFF) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 12,468,600 shares, an increase of 29.9% from the January 15th total of 9,596,000 shares. Based on an average daily volume of 121,900 shares, the days-to-cover ratio is currently 102.3 days.

Northland Power Stock Performance

NPIFF traded down $0.02 during trading on Friday, hitting $12.11. The stock had a trading volume of 135,442 shares, compared to its average volume of 95,681. Northland Power has a twelve month low of $11.04 and a twelve month high of $18.11. The company’s 50-day moving average price is $12.50 and its 200 day moving average price is $14.60.

Northland Power Cuts Dividend

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