CLP Holdings Limited (OTCMKTS:CLPHY – Get Free Report) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 57,900 shares, a drop of 66.0% from the May 31st total of 170,100 shares. Based on an average trading volume of 500,800 shares, the days-to-cover ratio is presently 0.1 days.
CLP Trading Down 0.6 %
Shares of CLPHY traded down $0.05 during trading hours on Friday, hitting $8.06. The company had a trading volume of 986,456 shares, compared to its average volume of 324,635. CLP has a one year low of $7.03 and a one year high of $8.83. The company’s fifty day moving average price is $8.25 and its two-hundred day moving average price is $8.15.
CLP Cuts Dividend
The company also recently declared a dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 3rd were issued a $0.0726 dividend. The ex-dividend date of this dividend was Monday, June 3rd.
About CLP
CLP Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, Mainland China, India Thailand, Taiwan, and Australia. The company generates electricity through coal, gas, nuclear, and renewable resources, such as wind, hydro, and solar.
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