Hammond Power Solutions Inc. (OTCMKTS:HMDPF) Short Interest Update

Hammond Power Solutions Inc. (OTCMKTS:HMDPF) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 200,000 shares, a drop of 17.4% from the September 15th total of 242,000 shares. Based on an average daily volume of 5,800 shares, the short-interest ratio is currently 34.5 days.

Hammond Power Solutions Stock Performance

OTCMKTS HMDPF traded down C$5.64 during midday trading on Tuesday, hitting C$104.36. The company had a trading volume of 349 shares, compared to its average volume of 1,777. The firm has a fifty day simple moving average of C$92.80 and a two-hundred day simple moving average of C$88.45. Hammond Power Solutions has a fifty-two week low of C$40.24 and a fifty-two week high of C$117.26.

Hammond Power Solutions Increases Dividend

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