Short Interest in Hammond Power Solutions Inc. (OTCMKTS:HMDPF) Expands By 21.0%

Posted by Adam Masters on Dec 3rd, 2024

Hammond Power Solutions Inc. (OTCMKTS:HMDPF – Get Free Report) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 339,000 shares, a growth of 21.0% from the October 31st total of 280,100 shares. Based on an average trading volume of 4,000 shares, the days-to-cover ratio is presently 84.8 days.

Hammond Power Solutions Stock Up 4.4 %

Shares of HMDPF traded up C$4.23 during trading hours on Monday, reaching C$101.11. The stock had a trading volume of 1,200 shares, compared to its average volume of 1,948. The company’s 50-day moving average is C$98.72 and its two-hundred day moving average is C$88.25. Hammond Power Solutions has a 12 month low of C$55.59 and a 12 month high of C$117.26.

Hammond Power Solutions Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.2032 dividend. This is a positive change from Hammond Power Solutions’s previous dividend of $0.20. The ex-dividend date of this dividend was Friday, September 20th. This represents a yield of 0.9%. Hammond Power Solutions’s payout ratio is presently 58.97%.

Hammond Power Solutions Company Profile

(Get Free Report)

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.