Northland Power Inc. (OTCMKTS:NPIFF) Short Interest Update

Northland Power Inc. (OTCMKTS:NPIFF) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 8,847,400 shares, a drop of 15.6% from the February 28th total of 10,481,700 shares. Based on an average trading volume of 120,900 shares, the days-to-cover ratio is presently 73.2 days.

Wall Street Analysts Forecast Growth

Separately, Raymond James reiterated an “outperform” rating on shares of Northland Power in a report on Friday, February 28th.

Northland Power Trading Down 0.5 %

Shares of NPIFF stock opened at $13.67 on Wednesday. Northland Power has a 12 month low of $11.04 and a 12 month high of $18.11. The firm has a fifty day moving average price of $12.81 and a 200 day moving average price of $13.95.

Northland Power Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.069 per share. This represents a dividend yield of 5.88%. The ex-dividend date is Monday, March 31st. Northland Power’s dividend payout ratio (DPR) is presently -341.67%.

Northland Power Company Profile

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.