ATCO Ltd. (OTCMKTS:ACLLF) Sees Significant Decline in Short Interest

ATCO Ltd. (OTCMKTS:ACLLF) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 448,800 shares, a decline of 5.3% from the December 15th total of 473,900 shares. Based on an average trading volume of 25,400 shares, the days-to-cover ratio is presently 17.7 days.

ATCO Price Performance

Shares of ACLLF opened at $32.74 on Tuesday. ATCO has a one year low of $25.82 and a one year high of $36.10. The stock has a 50-day moving average price of $33.64 and a 200 day moving average price of $33.22.

ATCO Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were paid a dividend of $0.3561 per share. This represents a dividend yield of 4.11%. The ex-dividend date was Thursday, December 5th. ATCO’s dividend payout ratio (DPR) is currently 24.22%.

ATCO Company Profile

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.