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

Northland Power Inc. (OTCMKTS:NPIFF) saw a large drop in short interest in 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 currently 92.3 days.

Northland Power Stock Up 2.0 %

OTCMKTS NPIFF traded up $0.27 during trading hours on Wednesday, hitting $13.45. 16,406 shares of the company’s stock traded hands, compared to its average volume of 90,425. Northland Power has a 52-week low of $11.04 and a 52-week high of $18.11. The firm’s 50-day moving average is $12.50 and its 200-day moving average is $14.23.

Northland Power Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.0699 dividend. The ex-dividend date is Friday, February 28th. This is a positive change from Northland Power’s previous dividend of $0.07. This represents a dividend yield of 6.92%. Northland Power’s dividend payout ratio is -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.