Short Interest in CLP Holdings Limited (OTCMKTS:CLPHY) Declines By 73.0%

CLP Holdings Limited (OTCMKTS:CLPHY) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 16,000 shares, a drop of 73.0% from the February 13th total of 59,200 shares. Based on an average daily volume of 295,600 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

CLP Stock Performance

Shares of OTCMKTS:CLPHY traded up $0.11 on Friday, hitting $8.19. 96,027 shares of the company’s stock were exchanged, compared to its average volume of 151,257. CLP has a 12 month low of $7.62 and a 12 month high of $9.54. The company has a quick ratio of 0.56, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. The business’s 50 day simple moving average is $8.22 and its two-hundred day simple moving average is $8.49.

CLP Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 10th will be issued a dividend of $0.1621 per share. This is a positive change from CLP’s previous dividend of $0.07. The ex-dividend date of this dividend is Monday, March 10th.

CLP Company Profile

CLP Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, Mainland China, India Thailand, Taiwan, and Australia. The company generates electricity through coal, gas, nuclear, and renewable resources, such as wind, hydro, and solar.