Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Short Interest Down 75.0% in December

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 100 shares, a drop of 75.0% from the November 30th total of 400 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is presently 0.1 days.

Caribbean Utilities Price Performance

Shares of CUPUF traded down $0.13 during mid-day trading on Friday, hitting $14.11. 4,546 shares of the company’s stock traded hands, compared to its average volume of 1,740. The business’s 50-day moving average price is $13.94 and its 200-day moving average price is $13.96. Caribbean Utilities has a 1 year low of $10.67 and a 1 year high of $15.01.

Caribbean Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date was Friday, November 29th. Caribbean Utilities’s payout ratio is currently 94.75%.

Caribbean Utilities Company Profile

Caribbean Utilities Company, Ltd. engages in the generation, transmission, and distribution of electricity in Grand Cayman. The company generates electricity using diesel with 166 megawatts total installed capacity. It also operates nine transformer substations with approximately 436 miles of land-based high voltage transmission and distribution lines and 15 miles of high-voltage submarine cables.