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

Polaris Renewable Energy Inc. (OTCMKTS:RAMPF) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 60,800 shares, a growth of 38.8% from the March 15th total of 43,800 shares. Based on an average daily volume of 2,900 shares, the short-interest ratio is presently 21.0 days.

Polaris Renewable Energy Trading Down 6.9 %

OTCMKTS RAMPF opened at $7.94 on Friday. Polaris Renewable Energy has a 12-month low of $7.94 and a 12-month high of $11.77. The firm’s 50 day moving average is $8.77 and its 200-day moving average is $9.41.

Polaris Renewable Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.60 dividend on an annualized basis and a yield of 7.56%.

Polaris Renewable Energy Company Profile

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.