Polaris Infrastructure Short Interest Down 52.1% in March

In March, there was a large reduction in short interest in Polaris Infrastructure Inc. Short interest totalled 85,200 shares on March 31st, down 52.1 percent from the total of 178,000 shares on March 15th. The short-interest ratio is currently 40.6 days, based on an average daily volume of 2,100 shares.

On Thursday, the company’s stock opened at $12.96. The company’s 50-day and 200-day moving average prices are $12.95 and $13.39, respectively. Polaris Infrastructure has a low of $11.63 and a high of $16.81 for the last 12 months.

Separately, in a research note issued on Friday, March 18th, Raymond James boosted their price objective on Polaris Infrastructure from C$25.00 to C$26.00.

Polaris Infrastructure Inc. purchases, develops and operates renewable energy projects in Latin America through its subsidiaries. The San Jacinto project, a 72 megawatt (MW) net capacity geothermal facility in northwest Nicaragua, is run by the business.

It also owns and runs a 5 MW run-of-river (ROR) hydro facility in Canchayllo, Peru, as well as two ROR hydro projects in Peru with capacities of roughly 8 MW (net) and 20 MW (net).