Hammond Power Solutions Inc. (OTCMKTS:HMDPF) Short Interest Update

Hammond Power Solutions Inc. (OTCMKTS:HMDPF) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 169,900 shares, a decrease of 7.5% from the June 30th total of 183,600 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is presently 130.7 days.

Hammond Power Solutions Stock Performance

Shares of OTCMKTS:HMDPF remained flat at C$85.00 during trading on Tuesday. The stock had a trading volume of 65 shares, compared to its average volume of 1,795. The stock has a 50 day simple moving average of C$79.38 and a two-hundred day simple moving average of C$83.54. Hammond Power Solutions has a 52 week low of C$35.79 and a 52 week high of C$117.26.

Hammond Power Solutions Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, June 25th. Stockholders of record on Wednesday, June 19th were issued a dividend of $0.2024 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This is a positive change from Hammond Power Solutions’s previous dividend of $0.11. This represents a dividend yield of 1.01%. Hammond Power Solutions’s dividend payout ratio is 58.97%.

Hammond Power Solutions Company Profile

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.