Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Sees Significant Increase in Short Interest

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 Stock Performance

Caribbean Utilities stock opened at $13.94 on Wednesday. Caribbean Utilities has a 1-year low of $10.70 and a 1-year high of $15.01. The firm has a 50-day moving average of $13.93 and a 200-day moving average of $13.97.

Caribbean Utilities Announces Dividend

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