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

Polaris Renewable Energy Inc. (OTCMKTS:RAMPF) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 32,400 shares, a decrease of 46.7% from the March 31st total of 60,800 shares. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is presently 13.5 days.

Polaris Renewable Energy Trading Up 0.1 %

Shares of Polaris Renewable Energy stock traded up $0.01 during mid-day trading on Friday, reaching $8.51. 1,486 shares of the stock were exchanged, compared to its average volume of 1,893. Polaris Renewable Energy has a fifty-two week low of $7.94 and a fifty-two week high of $11.77. The firm has a 50-day simple moving average of $8.53 and a 200 day simple moving average of $9.29.

Polaris Renewable Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 7.05%. The ex-dividend date of this dividend was Friday, February 9th.

About Polaris Renewable Energy

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.