Short Interest in Avance Gas Holding Ltd (OTCMKTS:AVACF) Declines By 16.5%

Avance Gas Holding Ltd (OTCMKTS:AVACF) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 9,100 shares, a decrease of 16.5% from the January 15th total of 10,900 shares. Based on an average daily volume of 14,400 shares, the short-interest ratio is presently 0.6 days.

Avance Gas Price Performance

Shares of OTCMKTS AVACF opened at $7.64 on Friday. The firm has a fifty day moving average price of $7.42 and a 200-day moving average price of $9.83. Avance Gas has a 1 year low of $6.25 and a 1 year high of $19.57.

Avance Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 11th were paid a $3.50 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $14.00 dividend on an annualized basis and a dividend yield of 183.25%.

About Avance Gas

Avance Gas Holding Ltd, together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) worldwide. The company transports LPG from the Middle East Gulf and the United States Gulf/the United States East Coast to destinations in Europe, South America, India, and Asia. As of December 31, 2023, it owned and operated through a fleet of fourteen very large gas carriers and six dual-fuel LPG newbuildings.