CLP Holdings Limited (OTCMKTS:CLPHY) Sees Significant Growth in Short Interest

CLP Holdings Limited (OTCMKTS:CLPHY) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 59,200 shares, a growth of 48.4% from the January 31st total of 39,900 shares. Based on an average daily trading volume, of 185,800 shares, the days-to-cover ratio is presently 0.3 days.

CLP Stock Performance

Shares of CLPHY stock traded up $0.05 during trading hours on Tuesday, reaching $8.23. 103,213 shares of the stock were exchanged, compared to its average volume of 139,835. The business’s fifty day moving average is $8.23 and its two-hundred day moving average is $8.52. 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.

CLP Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 27th. Stockholders of record on Monday, March 10th will be paid a $0.1621 dividend. This is a boost 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.