Hammond Power Solutions Inc. (OTCMKTS:HMDPF – Get Rating) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 4,400 shares, an increase of 33.3% from the March 15th total of 3,300 shares. Based on an average daily trading volume, of 3,000 shares, the short-interest ratio is currently 1.5 days.
Hammond Power Solutions Stock Performance
Shares of OTCMKTS:HMDPF remained flat at C$27.24 on Wednesday. The company's fifty day simple moving average is C$23.82 and its two-hundred day simple moving average is C$18.25. Hammond Power Solutions has a one year low of C$10.89 and a one year high of C$29.19.
Get Hammond Power Solutions alerts:Hammond Power Solutions Increases Dividend
The firm also recently announced a dividend, which was paid on Thursday, March 30th. Shareholders of record on Thursday, March 23rd were given a dividend of $0.0911 per share. This represents a dividend yield of 1.46%. The ex-dividend date was Wednesday, March 22nd. This is a positive change from Hammond Power Solutions's previous dividend of $0.07. Hammond Power Solutions's dividend payout ratio is presently 58.97%.
About Hammond Power Solutions
(Get Rating)
Hammond Power Solutions, Inc engages in the design, manufacture, and sale of dry-type power distribution transformers. Its products include control and automation, low voltage distribution, medium voltage distribution and power, and potted and specialty. The firm serves the oil and gas, steel, waste and water treatment, and wind power generation industries.
Further Reading
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