Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Sees Large Decrease in Short Interest

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 3,500 shares, a decrease of 18.6% from the December 31st total of 4,300 shares. Based on an average daily volume of 1,200 shares, the short-interest ratio is presently 2.9 days.

Caribbean Utilities Trading Up 3.3 %

CUPUF traded up $0.45 during trading hours on Monday, hitting $14.00. The stock had a trading volume of 131 shares, compared to its average volume of 772. The company’s fifty day simple moving average is $13.97 and its 200 day simple moving average is $13.97. Caribbean Utilities has a 1 year low of $10.70 and a 1 year high of $15.01.

Caribbean Utilities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were paid a $0.185 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.74 dividend on an annualized basis and a yield of 5.29%. Caribbean Utilities’s dividend payout ratio is currently 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.