Short Interest in Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Declines By 75.0%

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 100 shares, a drop of 75.0% from the November 30th total of 400 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is currently 0.1 days.

Caribbean Utilities Stock Performance

Shares of OTCMKTS CUPUF traded down $0.13 during mid-day trading on Friday, reaching $14.11. 4,546 shares of the company were exchanged, compared to its average volume of 1,740. The company’s 50 day moving average price is $13.94 and its 200 day moving average price is $13.96. Caribbean Utilities has a 52 week low of $10.67 and a 52 week high of $15.01.

Caribbean Utilities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were paid a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 5.24%. The ex-dividend date of this dividend was Friday, November 29th. Caribbean Utilities’s dividend payout ratio is presently 94.75%.

About Caribbean Utilities

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.