Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Short Interest Down 33.3% in November

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 400 shares, a decrease of 33.3% from the October 31st total of 600 shares. Based on an average trading volume of 2,000 shares, the short-interest ratio is currently 0.2 days.

Caribbean Utilities Stock Performance

OTCMKTS:CUPUF traded up $1.57 on Friday, reaching $15.01. 100 shares of the stock traded hands, compared to its average volume of 1,694. Caribbean Utilities has a 1-year low of $10.65 and a 1-year high of $15.01. The company’s 50 day moving average is $13.90 and its 200-day moving average is $13.95.

Caribbean Utilities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Friday, November 29th. Caribbean Utilities’s dividend payout ratio (DPR) is presently 94.75%.

About Caribbean Utilities

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.