CLP Holdings Limited (OTCMKTS:CLPHY) Short Interest Update

CLP Holdings Limited (OTCMKTS:CLPHYGet Rating) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 358,800 shares, an increase of 14.3% from the August 15th total of 313,900 shares. Based on an average trading volume of 467,100 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded shares of CLP from a “neutral” rating to a “sell” rating in a research note on Monday, June 20th.

CLP Stock Performance

CLP stock opened at $8.47 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.74 and a current ratio of 0.90. CLP has a 52-week low of $8.00 and a 52-week high of $10.65. The firm has a 50 day moving average price of $8.49 and a two-hundred day moving average price of $9.19.

CLP Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, September 22nd. Investors of record on Friday, September 2nd will be given a $0.0723 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a yield of 4.19%. This is an increase from CLP’s previous dividend of $0.07.

CLP Company Profile

(Get Rating)

CLP Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Southeast Asia, Taiwan, and Australia. The company generates electricity through coal, gas, nuclear, and renewable resources, such as wind, hydro, and solar.

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