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

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

Caribbean Utilities Price Performance

Caribbean Utilities stock traded up $0.45 during trading hours on Monday, reaching $14.00. The stock had a trading volume of 131 shares, compared to its average volume of 772. The company has a fifty day simple moving average of $13.97 and a 200-day simple moving average of $13.97. Caribbean Utilities has a 52 week low of $10.70 and a 52 week high of $15.01.

Caribbean Utilities Announces Dividend

The business also recently declared 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. The ex-dividend date was Friday, November 29th. This represents a $0.74 annualized dividend and a dividend yield of 5.29%. Caribbean Utilities’s payout ratio 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.