Short Interest in Hammond Power Solutions Inc. (OTCMKTS:HMDPF) Decreases By 13.8%

Hammond Power Solutions Inc. (OTCMKTS:HMDPF) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 293,000 shares, a decline of 13.8% from the January 15th total of 339,800 shares. Based on an average daily volume of 4,100 shares, the short-interest ratio is currently 71.5 days.

Hammond Power Solutions Price Performance

Shares of HMDPF stock remained flat at C$64.61 during trading hours on Monday. The stock had a trading volume of 3,279 shares, compared to its average volume of 4,160. Hammond Power Solutions has a 52 week low of C$63.00 and a 52 week high of C$117.26. The firm has a 50 day moving average of C$81.85 and a two-hundred day moving average of C$89.50.

Hammond Power Solutions Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 16th were given a $0.1955 dividend. This represents a yield of 0.83%. The ex-dividend date was Friday, December 13th. Hammond Power Solutions’s payout ratio is currently 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.