Polaris Renewable Energy Inc. (OTCMKTS:RAMPF) Sees Large Growth in Short Interest

Polaris Renewable Energy Inc. (OTCMKTS:RAMPF) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 43,800 shares, a growth of 113.7% from the February 29th total of 20,500 shares. Based on an average daily volume of 4,900 shares, the short-interest ratio is presently 8.9 days.

Polaris Renewable Energy Stock Performance

Polaris Renewable Energy stock remained flat at $8.28 during mid-day trading on Thursday. 10 shares of the company’s stock were exchanged, compared to its average volume of 2,225. The business’s 50-day simple moving average is $9.01 and its 200-day simple moving average is $9.63. Polaris Renewable Energy has a 12 month low of $8.22 and a 12 month high of $11.77.

Polaris Renewable Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.60 dividend on an annualized basis and a yield of 7.25%.

Polaris Renewable Energy Company Profile

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.