Avance Gas Holding Ltd (OTCMKTS:AVACF) Sees Large Decline in Short Interest

Avance Gas Holding Ltd (OTCMKTS:AVACF) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 12,100 shares, a drop of 87.7% from the December 15th total of 98,300 shares. Based on an average trading volume of 42,100 shares, the days-to-cover ratio is currently 0.3 days.

Avance Gas Stock Up 2.7 %

Shares of Avance Gas stock opened at $8.08 on Tuesday. Avance Gas has a 52 week low of $6.25 and a 52 week high of $19.57. The company has a 50 day moving average price of $8.50 and a 200 day moving average price of $10.95.

Avance Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 11th were given a $3.50 dividend. This represents a $14.00 annualized dividend and a dividend yield of 173.37%. The ex-dividend date of this dividend was Wednesday, December 11th.

About Avance Gas

Avance Gas Holding Ltd, together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) worldwide. The company transports LPG from the Middle East Gulf and the United States Gulf/the United States East Coast to destinations in Europe, South America, India, and Asia. As of December 31, 2023, it owned and operated through a fleet of fourteen very large gas carriers and six dual-fuel LPG newbuildings.