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

Hammond Power Solutions Inc. (OTCMKTS:HMDPF) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 149,800 shares, a decline of 11.8% from the March 15th total of 169,800 shares. Based on an average daily 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 on Tuesday, reaching C$112.90. 1,014 shares of the company’s stock were exchanged, compared to its average volume of 1,695. The business has a 50 day moving average price of C$91.26 and a 200-day moving average price of C$68.39. Hammond Power Solutions has a fifty-two week low of C$26.69 and a fifty-two week high of C$117.26.

Hammond Power Solutions Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 21st were given a $0.111 dividend. This is an increase from Hammond Power Solutions’s previous dividend of $0.11. The ex-dividend date was Wednesday, March 20th. This represents a dividend yield of 0.53%. Hammond Power Solutions’s dividend payout ratio is presently 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.