Short Interest in Avance Gas Holding Ltd (OTCMKTS:AVACF) Increases By 250.8%

Avance Gas Holding Ltd (OTCMKTS:AVACF) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 41,400 shares, a growth of 250.8% from the November 15th total of 11,800 shares. Based on an average daily trading volume, of 61,800 shares, the short-interest ratio is presently 0.7 days.

Avance Gas Price Performance

OTCMKTS:AVACF traded down $3.72 during mid-day trading on Wednesday, reaching $7.00. The stock had a trading volume of 269,465 shares, compared to its average volume of 16,007. Avance Gas has a twelve month low of $6.60 and a twelve month high of $19.57. The business has a 50 day simple moving average of $9.89 and a 200 day simple moving average of $12.50.

Avance Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, December 11th will be given a $3.50 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $14.00 dividend on an annualized basis and a yield of 200.00%.

Avance Gas Company Profile

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.