Innergex Renewable Energy Inc. (OTCMKTS:INGXF) Short Interest Up 6.4% in October

Posted by ABMN Staff on Nov 19th, 2024

Innergex Renewable Energy Inc. (OTCMKTS:INGXF – Get Free Report) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 2,323,000 shares, an increase of 6.4% from the October 15th total of 2,183,100 shares. Based on an average daily volume of 34,100 shares, the days-to-cover ratio is currently 68.1 days.

Innergex Renewable Energy Stock Performance

OTCMKTS INGXF opened at $6.09 on Tuesday. The company has a fifty day moving average of $6.97 and a two-hundred day moving average of $7.02. The company has a market capitalization of $1.24 billion, a PE ratio of -12.41 and a beta of 0.66. Innergex Renewable Energy has a 1 year low of $5.26 and a 1 year high of $7.90. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.57 and a quick ratio of 0.57.

Innergex Renewable Energy (OTCMKTS:INGXF – Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $179.04 million during the quarter, compared to analysts’ expectations of $192.68 million. Innergex Renewable Energy had a negative return on equity of 1.74% and a negative net margin of 13.73%. As a group, analysts expect that Innergex Renewable Energy will post -0.07 earnings per share for the current year.

Innergex Renewable Energy Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.0655 per share. This represents a dividend yield of 3.57%. The ex-dividend date was Friday, September 27th. Innergex Renewable Energy’s dividend payout ratio is currently -55.10%.

About Innergex Renewable Energy

(Get Free Report)

Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.