Short Interest in Northland Power Inc. (OTCMKTS:NPIFF) Decreases By 15.6%

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 daily volume of 120,900 shares, the short-interest ratio is currently 73.2 days.

Wall Street Analysts Forecast Growth

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

Northland Power Stock Up 0.8 %

OTCMKTS:NPIFF traded up $0.12 during midday trading on Thursday, hitting $13.79. The company had a trading volume of 81,493 shares, compared to its average volume of 96,692. Northland Power has a 52-week low of $11.04 and a 52-week high of $18.11. The stock’s fifty day moving average price is $12.84 and its 200-day moving average price is $13.94.

Northland Power Cuts Dividend

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

About Northland Power

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.