Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Sees Significant Decrease in Short Interest

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 3,500 shares, a drop of 18.6% from the December 31st total of 4,300 shares. Based on an average daily trading volume, of 1,200 shares, the short-interest ratio is currently 2.9 days.

Caribbean Utilities Stock Performance

Caribbean Utilities stock traded up $0.45 during mid-day trading on Friday, reaching $14.00. 131 shares of the company’s stock were exchanged, compared to its average volume of 772. The business’s fifty day simple moving average is $13.97 and its 200 day simple moving average is $13.97. Caribbean Utilities has a one year low of $10.70 and a one year high of $15.01.

Caribbean Utilities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date of this dividend was Friday, November 29th. Caribbean Utilities’s dividend payout ratio (DPR) is currently 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.