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

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) saw a large drop in short interest during the month of 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 trading volume of 2,000 shares, the short-interest ratio is currently 0.1 days.

Caribbean Utilities Price Performance

Shares of OTCMKTS:CUPUF remained flat at $14.24 during trading on Thursday. Caribbean Utilities has a 1 year low of $10.65 and a 1 year high of $15.01. The stock’s 50-day moving average price is $13.94 and its 200-day moving average price is $13.96.

Caribbean Utilities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.74 annualized dividend and a dividend yield of 5.20%. Caribbean Utilities’s dividend payout ratio (DPR) 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.