Short Interest in Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Rises By 4,200.0%

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 4,300 shares, an increase of 4,200.0% from the December 15th total of 100 shares. Based on an average daily trading volume, of 1,500 shares, the days-to-cover ratio is currently 2.9 days.

Caribbean Utilities Price Performance

Shares of OTCMKTS CUPUF remained flat at $13.94 during mid-day trading on Monday. 217 shares of the company traded hands, compared to its average volume of 1,194. Caribbean Utilities has a 12 month low of $10.70 and a 12 month high of $15.01. The business’s 50-day moving average price is $13.94 and its 200 day moving average price is $13.97.

Caribbean Utilities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend was Friday, November 29th. Caribbean Utilities’s dividend payout ratio (DPR) is presently 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.