Avance Gas Holding Ltd (OTCMKTS:AVACF) Short Interest Down 87.7% in December

Avance Gas Holding Ltd (OTCMKTS:AVACF) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 12,100 shares, a drop of 87.7% from the December 15th total of 98,300 shares. Based on an average daily volume of 42,100 shares, the days-to-cover ratio is presently 0.3 days.

Avance Gas Stock Up 2.7 %

Shares of AVACF stock traded up $0.21 on Monday, reaching $8.08. 3,905 shares of the company were exchanged, compared to its average volume of 16,072. Avance Gas has a 1 year low of $6.25 and a 1 year high of $19.57. The business has a 50-day moving average price of $8.52 and a 200 day moving average price of $11.01.

Avance Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 11th were issued a dividend of $3.50 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $14.00 dividend on an annualized basis and a dividend yield of 173.37%.

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.