Hammond Power Solutions Inc. (OTCMKTS:HMDPF) Sees Large Growth in Short Interest

Hammond Power Solutions Inc. (OTCMKTS:HMDPF) was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totalling 204,500 shares, a growth of 11.3% from the July 31st total of 183,700 shares. Based on an average daily trading volume, of 1,500 shares, the short-interest ratio is presently 136.3 days.

Hammond Power Solutions Trading Up 2.1 %

Hammond Power Solutions stock opened at C$92.45 on Friday. The firm’s fifty day moving average is C$80.26 and its 200 day moving average is C$85.66. Hammond Power Solutions has a 12-month low of C$35.79 and a 12-month high of C$117.26.

Hammond Power Solutions Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, June 25th. Stockholders of record on Wednesday, June 19th were issued a dividend of $0.2024 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a dividend yield of 1.01%. This is a positive change from Hammond Power Solutions’s previous dividend of $0.11. Hammond Power Solutions’s dividend payout ratio is currently 58.97%.

Hammond Power Solutions Company Profile

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.