CLP Holdings Limited (OTCMKTS:CLPHY) Short Interest Down 88.1% in March

CLP Holdings Limited (OTCMKTS:CLPHY) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,900 shares, a drop of 88.1% from the February 28th total of 16,000 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 320,800 shares, the days-to-cover ratio is currently 0.0 days.

CLP Price Performance

Shares of OTCMKTS:CLPHY traded up $0.15 during trading on Friday, hitting $8.20. 107,380 shares of the company’s stock were exchanged, compared to its average volume of 141,726. The firm has a 50-day moving average price of $8.22 and a two-hundred day moving average price of $8.43. The company has a quick ratio of 0.56, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. CLP has a 1-year low of $7.62 and a 1-year high of $9.54.

CLP Increases Dividend

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

About CLP

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.