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 volume of 1,200 shares, the days-to-cover ratio is presently 2.9 days.

Caribbean Utilities Trading Up 3.3 %

CUPUF stock traded up $0.45 during mid-day trading on Friday, reaching $14.00. The company’s stock had a trading volume of 131 shares, compared to its average volume of 772. 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 $13.97 and its 200 day moving average price is $13.97.

Caribbean Utilities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were paid a $0.185 dividend. 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 dividend 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.