Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Short Interest Down 33.3% in November

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) saw a large decline in short interest in November. As of November 15th, there was short interest totalling 400 shares, a decline of 33.3% from the October 31st total of 600 shares. Based on an average trading volume of 2,000 shares, the days-to-cover ratio is presently 0.2 days.

Caribbean Utilities Stock Up 11.6 %

Shares of Caribbean Utilities stock traded up $1.57 during trading on Friday, reaching $15.01. 100 shares of the company traded hands, compared to its average volume of 1,694. The company has a 50 day moving average price of $13.90 and a 200-day moving average price of $13.95. Caribbean Utilities has a 1-year low of $10.65 and a 1-year high of $15.01.

Caribbean Utilities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be paid a $0.185 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.74 annualized dividend and a dividend yield of 4.93%. Caribbean Utilities’s dividend payout ratio is presently 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.