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

November 17, 2024

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

Innergex Renewable Energy Price Performance

Shares of INGXF stock opened at $6.08 on Monday. The company has a market capitalization of $1.24 billion, a P/E ratio of -12.41 and a beta of 0.66. The company’s 50-day simple moving average is $6.97 and its two-hundred day simple moving average is $7.01. Innergex Renewable Energy has a one year low of $5.26 and a one 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 released its quarterly earnings data on Wednesday, November 6th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $179.04 million for the quarter, compared to the consensus estimate 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, equities analysts anticipate that Innergex Renewable Energy will post -0.07 EPS for the current year.

Innergex Renewable Energy Cuts Dividend

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

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