Polaris Renewable Energy Inc. (OTCMKTS:RAMPF) Sees Large Increase in Short Interest

Polaris Renewable Energy Inc. (OTCMKTS:RAMPF) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 65,500 shares, a growth of 50.9% from the August 15th total of 43,400 shares. Based on an average trading volume of 3,100 shares, the short-interest ratio is currently 21.1 days.

Polaris Renewable Energy Stock Performance

Shares of OTCMKTS RAMPF remained flat at $9.25 during midday trading on Monday. 13 shares of the company’s stock were exchanged, compared to its average volume of 1,471. Polaris Renewable Energy has a fifty-two week low of $7.94 and a fifty-two week high of $11.57. The company’s 50-day moving average is $9.05 and its 200-day moving average is $8.98.

Polaris Renewable Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were given a dividend of $0.15 per share. The ex-dividend date was Monday, August 12th. This represents a $0.60 dividend on an annualized basis and a yield of 6.49%.

Polaris Renewable Energy Company Profile

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.