Short Interest in Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Declines By 33.3%

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 400 shares, a drop of 33.3% from the October 31st total of 600 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is currently 0.2 days.

Caribbean Utilities Price Performance

Caribbean Utilities stock opened at $15.01 on Friday. Caribbean Utilities has a fifty-two week low of $10.65 and a fifty-two week high of $15.01. The firm’s 50 day simple moving average is $13.90 and its 200-day simple moving average is $13.95.

Caribbean Utilities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 4.93%. The ex-dividend date is Friday, November 29th. Caribbean Utilities’s payout ratio is 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.