Northland Power Inc. (OTCMKTS:NPIFF) is seeing a significant decrease in short interest

Northland Power Inc. (OTCMKTS:NPIFF – Get Your Free Report ) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 10,342,100 shares, a decrease of 33.4% from its August 31st total of 15,522,300 shares. Based on an average daily volume of 125,900 shares, the short interest rate is currently 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 company 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 27. This is an increase from Northland Power’s previous dividend of $0.07. This represents a yield of 5.33%. Northland Power’s dividend payout ratio is currently -341.67%.

About Northland Power

(Get a free report)

Northland Power Inc, an independent power producer, develops, builds, owns and operates clean and green energy projects in Canada, the Netherlands, Germany, Spain, Colombia and internationally. The Company produces electricity from renewable resources such as wind and solar power, as well as natural gas for sale under power purchase agreements and other revenue agreements.

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