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

Hammond Power Solutions Inc. (OTCMKTS:HMDPF) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 149,800 shares, a drop of 11.8% from the March 15th total of 169,800 shares. Based on an average trading volume of 3,800 shares, the days-to-cover ratio is presently 39.4 days.

Hammond Power Solutions Price Performance

OTCMKTS HMDPF traded down C$2.05 during trading hours on Tuesday, hitting C$112.90. The company’s stock had a trading volume of 1,014 shares, compared to its average volume of 1,695. Hammond Power Solutions has a 52 week low of C$26.69 and a 52 week high of C$117.26. The company’s 50-day simple moving average is C$91.26 and its two-hundred day simple moving average is C$68.39.

Hammond Power Solutions Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 21st were given a dividend of $0.111 per share. The ex-dividend date was Wednesday, March 20th. This represents a dividend yield of 0.53%. This is a boost from Hammond Power Solutions’s previous dividend of $0.11. Hammond Power Solutions’s dividend payout ratio (DPR) is currently 58.97%.

About Hammond Power Solutions

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.