Short Interest in CLP Holdings Limited (OTCMKTS:CLPHY) Grows By 317.8%

CLP Holdings Limited (OTCMKTS:CLPHY) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 30,500 shares, an increase of 317.8% from the October 31st total of 7,300 shares. Based on an average trading volume of 159,100 shares, the days-to-cover ratio is presently 0.2 days.

CLP Price Performance

Shares of OTCMKTS:CLPHY traded up $0.05 during midday trading on Friday, reaching $8.44. The company’s stock had a trading volume of 65,952 shares, compared to its average volume of 88,893. The business has a 50 day moving average price of $8.67 and a 200 day moving average price of $8.61. CLP has a 1 year low of $7.29 and a 1 year high of $9.54.

CLP Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 3rd will be issued a $0.073 dividend. This is an increase from CLP’s previous dividend of $0.07. The ex-dividend date is Tuesday, December 3rd.

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.