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

Northland Power Inc. (OTCMKTS:NPIFF) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 10,342,100 shares, a decline of 33.4% from the August 31st total of 15,522,300 shares. Based on an average daily volume of 125,900 shares, the short-interest ratio is presently 82.1 days.

Northland Power Trading Up 0.4 %

Shares of OTCMKTS NPIFF traded up $0.06 during trading on Friday, reaching $17.43. The company had a trading volume of 271,505 shares, compared to its average volume of 86,036. The company’s fifty day moving average price is $16.43 and its 200-day moving average price is $16.64. Northland Power has a 12 month low of $13.98 and a 12 month high of $18.98.

Northland Power Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.0739 dividend. The ex-dividend date of this dividend is Friday, September 27th. This is a boost from Northland Power’s previous dividend of $0.07. This represents a yield of 5.33%. Northland Power’s dividend payout ratio is presently -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.