Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Short Interest Down 97.6% in April

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 180 shares, a decline of 97.6% from the April 15th total of 7,493 shares. Based on an average daily trading volume, of 547 shares, the short-interest ratio is presently 0.3 days.

Caribbean Utilities Stock Performance

Shares of OTCMKTS CUPUF remained flat at $14.75 during midday trading on Tuesday. The stock had a trading volume of 6,547 shares, compared to its average volume of 2,145. The business’s 50-day moving average price is $13.91 and its 200 day moving average price is $13.52. Caribbean Utilities has a 12-month low of $11.67 and a 12-month high of $15.99.

Caribbean Utilities Company Profile

Caribbean Utilities Company, Ltd. is an electric utility provider that generates, transmits, distributes and sells electricity to the island of Grand Cayman in the Cayman Islands. The company holds an exclusive licence from the Cayman Islands government to operate the island’s power system and is publicly traded on the Toronto Stock Exchange and over‐the‐counter markets under the symbol CUPUF. Its service territory encompasses all major population centres of Grand Cayman, supporting residential, commercial and industrial customers with reliable energy supply.

Established in 1964 and commencing operations in 1966, Caribbean Utilities Company has developed its generation capacity around its Cat Bay power station, which primarily relies on diesel and heavy fuel oil generators.