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Innergex Renewable Energy Inc. Sees Surge in Short Interest Amidst Renewable Energy Strides

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) experienced a notable surge in short interest during February, with a total of 1,574,400 shares shorted by February 15th, marking a 23.2% increase from the previous month. The short-interest ratio currently stands at 131.2 days based on an average daily volume of 12,000 shares. INGXF stock opened at $6.28 on Friday, with a 1-year low of $5.26 and a high of $11.33. The company, operating as an independent renewable power producer in Canada, the United States, France, and Chile, focuses on hydroelectric, wind, and solar energy generation, along with energy storage facilities. Despite recent challenges, including a negative net margin and return on equity, Innergex Renewable Energy continues to make strides in the renewable energy sector.

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