Polaris Renewable Energy Inc. (OTCMKTS:RAMPF) Sees Significant Increase in Short Interest

Polaris Renewable Energy Inc. (OTCMKTS:RAMPF) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 65,500 shares, a growth of 50.9% from the August 15th total of 43,400 shares. Based on an average daily volume of 3,100 shares, the days-to-cover ratio is presently 21.1 days.

Polaris Renewable Energy Trading Up 4.3 %

OTCMKTS RAMPF opened at $9.25 on Monday. Polaris Renewable Energy has a 1 year low of $7.94 and a 1 year high of $11.57. The company’s 50 day simple moving average is $9.05 and its two-hundred day simple moving average is $8.98.

Polaris Renewable Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.49%. The ex-dividend date was Monday, August 12th.

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.