Short Interest in Polaris Renewable Energy Inc. (OTCMKTS:RAMPF) Rises By 21.1%

Polaris Renewable Energy Inc. (OTCMKTS:RAMPF) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 101,500 shares, a growth of 21.1% from the February 13th total of 83,800 shares. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is presently 26.0 days.

Polaris Renewable Energy Stock Performance

RAMPF opened at $8.49 on Thursday. The stock’s 50 day simple moving average is $8.72 and its 200 day simple moving average is $8.97. Polaris Renewable Energy has a 1-year low of $7.94 and a 1-year high of $10.60.

Polaris Renewable Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 7.07%. The ex-dividend date was Monday, February 17th.

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.