Short Interest in ATCO Ltd. (OTCMKTS:ACLLF) Rises By 27.2%

ATCO Ltd. (OTCMKTS:ACLLF) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 639,800 shares, an increase of 27.2% from the February 28th total of 502,900 shares. Based on an average daily trading volume, of 26,200 shares, the short-interest ratio is currently 24.4 days.

ATCO Stock Performance

Shares of ACLLF opened at $35.16 on Wednesday. The stock’s 50-day moving average price is $33.29 and its 200 day moving average price is $33.85. ATCO has a 12-month low of $25.82 and a 12-month high of $36.10.

ATCO Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a dividend of $0.3504 per share. This represents a dividend yield of 4.21%. The ex-dividend date was Thursday, February 27th. ATCO’s dividend payout ratio is presently 24.22%.

ATCO Company Profile

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.