Hammond Power Solutions Inc. (OTCMKTS:HMDPF – Free Report) saw a significant increase in short interest in July. As of July 31, there were shorts totaling 183,700 shares, an 8.1% growth from the total volume of 169,900 shares on July 15. Based on an average daily volume of 1,600 shares, the days to cover ratio is currently 114.8 days.
Value for money at Hammond Power Solutions
HMDPF shares opened at C$84.00 on Friday. Hammond Power Solutions has a 1-year low of C$35.79 and a 1-year high of C$117.26. The stock has a 50-day moving average of C$78.24 and a 200-day moving average of C$84.73.
Hammond Power Solutions increases dividend
The company also recently announced a dividend, which was paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 19th were given a dividend of $0.2024, representing a yield of 1.01%. This is an increase from Hammond Power Solutions’ previous dividend of $0.11. The ex-dividend date of this dividend was Tuesday, June 18th. Hammond Power Solutions’ dividend payout ratio is 58.97%.
Company profile of Hammond Power Solutions
(Get free report)
Hammond Power Solutions Inc., together with its subsidiaries, is engaged in the design, manufacture and sale of various transformers in Canada, the United States, Mexico and India. The company provides custom electromagnetic, cast resin, custom liquid-filled distribution and power transformers, and standard electrical transformers to the electrical and electronics industries.
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