CLP Holdings Ltd. (OTCMKTS:CLPHY) Sees Large Drop in Short Interest

CLP Holdings Ltd. (OTCMKTS:CLPHY) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 39,300 shares, adecreaseof62.1% from the July 15th total of 103,700 shares. Currently,0.0% of the company’s stock are short sold. Based on an average trading volume of 112,800 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 112,800 shares, the days-to-cover ratio is presently 0.3 days. Currently,0.0% of the company’s stock are short sold.

CLP Stock Up 0.1%

OTCMKTS:CLPHY opened at $8.41 on Monday. The stock has a 50-day simple moving average of $8.43 and a 200-day simple moving average of $8.35. CLP has a 1 year low of $7.74 and a 1 year high of $9.54. The company has a quick ratio of 0.48, a current ratio of 0.60 and a debt-to-equity ratio of 0.45.

CLP Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 23rd. Stockholders of record on Wednesday, June 4th were given a dividend of $0.0726 per share. This represents a dividend yield of 435.0%. The ex-dividend date of this dividend was Tuesday, 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.