Short Interest in Hammond Power Solutions Inc. (OTCMKTS:HMDPF) Declines By 14.5%

Hammond Power Solutions Inc. (OTCMKTS:HMDPF) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 383,700 shares, a decrease of 14.5% from the March 31st total of 448,600 shares. Based on an average daily trading volume, of 7,000 shares, the days-to-cover ratio is currently 54.8 days.

Hammond Power Solutions Trading Up 2.2 %

Shares of Hammond Power Solutions stock opened at C$67.93 on Monday. The firm’s 50-day simple moving average is C$58.02 and its 200-day simple moving average is C$76.09. Hammond Power Solutions has a twelve month low of C$49.85 and a twelve month high of C$110.00.

Hammond Power Solutions Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.1927 per share. This represents a yield of 1.36%. The ex-dividend date of this dividend was Friday, March 21st. Hammond Power Solutions’s payout ratio is 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.