Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Sees Large Growth in Short Interest

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 4,300 shares, a growth of 4,200.0% from the December 31st total of 100 shares. Based on an average trading volume of 1,500 shares, the days-to-cover ratio is presently 2.9 days.

Caribbean Utilities Trading Down 2.6 %

Caribbean Utilities stock traded down $0.36 during midday trading on Tuesday, reaching $13.60. 150 shares of the company’s stock were exchanged, compared to its average volume of 965. Caribbean Utilities has a 52 week low of $10.70 and a 52 week high of $15.01. The stock’s 50-day simple moving average is $13.98 and its 200 day simple moving average is $13.97.

Caribbean Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors 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 5.44%. The ex-dividend date was Friday, November 29th. Caribbean Utilities’s dividend payout ratio is 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.