Short Interest in Hammond Power Solutions Inc. (OTCMKTS:HMDPF) Drops By 13.8%

Hammond Power Solutions Inc. (OTCMKTS:HMDPF) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 293,000 shares, a drop of 13.8% from the January 15th total of 339,800 shares. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is currently 71.5 days.

Hammond Power Solutions Price Performance

Shares of OTCMKTS HMDPF remained flat at C$64.61 during mid-day trading on Friday. The company had a trading volume of 3,279 shares, compared to its average volume of 4,160. The business’s fifty day moving average is C$81.85 and its 200 day moving average is C$89.45. Hammond Power Solutions has a 52-week low of C$63.00 and a 52-week high of C$117.26.

Hammond Power Solutions Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 16th were given a $0.1955 dividend. This represents a yield of 0.83%. The ex-dividend date of this dividend was Friday, December 13th. Hammond Power Solutions’s 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.