Short Interest in Hammond Power Solutions Inc. (OTCMKTS:HMDPF) Rises By 17.8%

Hammond Power Solutions Inc. (OTCMKTS:HMDPF) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 242,000 shares, a growth of 17.8% from the August 31st total of 205,500 shares. Based on an average trading volume of 1,500 shares, the short-interest ratio is presently 161.3 days.

Hammond Power Solutions Price Performance

Shares of OTCMKTS:HMDPF traded down C$0.58 during midday trading on Monday, hitting C$101.75. The stock had a trading volume of 200 shares, compared to its average volume of 1,808. The company’s 50-day moving average price is C$87.81 and its 200-day moving average price is C$87.38. Hammond Power Solutions has a fifty-two week low of C$35.79 and a fifty-two week high of C$117.26.

Hammond Power Solutions Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.2032 dividend. This represents a yield of 0.9%. The ex-dividend date of this dividend was Friday, September 20th. This is a positive change from Hammond Power Solutions’s previous dividend of $0.20. Hammond Power Solutions’s dividend payout ratio (DPR) 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.