Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Short Interest Update

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 4,300 shares, an increase of 4,200.0% from the December 31st total of 100 shares. Based on an average trading volume of 1,500 shares, the days-to-cover ratio is currently 2.9 days.

Caribbean Utilities Trading Down 2.6 %

Shares of CUPUF opened at $13.60 on Wednesday. The stock has a 50 day moving average of $13.98 and a 200-day 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were given a dividend of $0.185 per share. The ex-dividend date was Friday, November 29th. This represents a $0.74 dividend on an annualized basis and a yield of 5.44%. Caribbean Utilities’s dividend payout ratio is currently 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.