Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Short Interest Up 1,733.3% in May

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 3,300 shares, an increase of 1,733.3% from the April 30th total of 180 shares. Based on an average trading volume of 2,117 shares, the days-to-cover ratio is presently 1.6 days.

Caribbean Utilities Stock Performance

OTCMKTS:CUPUF traded down $0.43 during trading hours on Wednesday, reaching $13.93. The stock had a trading volume of 1,300 shares, compared to its average volume of 2,586. Caribbean Utilities has a 52 week low of $11.67 and a 52 week high of $15.99. The company has a 50 day moving average price of $14.14 and a two-hundred day moving average price of $13.62.

About Caribbean Utilities

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.