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

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 100 shares, a decrease of 75.0% from the November 30th total of 400 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 0.1 days.

Caribbean Utilities Price Performance

Shares of CUPUF stock remained flat at $14.24 during trading hours on Thursday. Caribbean Utilities has a 12 month low of $10.65 and a 12 month high of $15.01. The firm has a 50-day simple moving average of $13.94 and a two-hundred day simple moving average of $13.96.

Caribbean Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend was Friday, November 29th. Caribbean Utilities’s dividend payout ratio is presently 94.75%.

About Caribbean Utilities

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.