Avance Gas Holding Ltd (OTCMKTS:AVACF) Sees Large Drop in Short Interest

Avance Gas Holding Ltd (OTCMKTS:AVACF) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 12,100 shares, a decline of 87.7% from the December 31st total of 98,300 shares. Based on an average daily volume of 42,100 shares, the short-interest ratio is currently 0.3 days.

Avance Gas Stock Down 0.3 %

AVACF stock traded down $0.02 during midday trading on Thursday, hitting $7.00. The company’s stock had a trading volume of 3,989 shares, compared to its average volume of 11,677. The stock’s 50-day moving average price is $7.94 and its 200 day moving average price is $10.31. Avance Gas has a 1 year low of $6.25 and a 1 year high of $19.57.

Avance Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 11th were given a $3.50 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $14.00 annualized dividend and a yield of 200.09%.

About Avance Gas

Avance Gas Holding Ltd, together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) worldwide. The company transports LPG from the Middle East Gulf and the United States Gulf/the United States East Coast to destinations in Europe, South America, India, and Asia. As of December 31, 2023, it owned and operated through a fleet of fourteen very large gas carriers and six dual-fuel LPG newbuildings.