Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Short Interest Down 94.3% in January

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 200 shares, a decline of 94.3% from the January 15th total of 3,500 shares. Based on an average daily volume of 1,000 shares, the short-interest ratio is currently 0.2 days.

Caribbean Utilities Trading Down 1.8 %

Shares of OTCMKTS CUPUF traded down $0.25 during midday trading on Wednesday, hitting $13.30. The company’s stock had a trading volume of 1,202 shares, compared to its average volume of 1,261. Caribbean Utilities has a 1-year low of $10.70 and a 1-year high of $15.01. The firm’s fifty day moving average price is $13.95 and its 200-day moving average price is $13.97.

Caribbean Utilities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.185 per share. The ex-dividend date is Friday, February 28th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 5.56%. Caribbean Utilities’s dividend payout ratio (DPR) is 94.75%.

Caribbean Utilities Company Profile

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.