Avance Gas Holding Ltd (OTCMKTS:AVACF) Short Interest Update

Avance Gas Holding Ltd (OTCMKTS:AVACF) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 12,100 shares, a decrease of 87.7% from the December 31st total of 98,300 shares. Based on an average daily trading volume, of 42,100 shares, the short-interest ratio is currently 0.3 days.

Avance Gas Price Performance

Shares of AVACF traded up $0.16 during mid-day trading on Tuesday, reaching $7.02. 2,705 shares of the company were exchanged, compared to its average volume of 12,130. The business has a 50 day simple moving average of $8.06 and a two-hundred day simple moving average of $10.38. Avance Gas has a 52 week low of $6.25 and a 52 week high of $19.57.

Avance Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 11th were given a $3.50 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $14.00 dividend on an annualized basis and a dividend yield of 199.43%.

About Avance Gas

Avance Gas Holding Ltd, together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) worldwide. The company transports LPG from the Middle East Gulf and the United States Gulf/the United States East Coast to destinations in Europe, South America, India, and Asia. As of December 31, 2023, it owned and operated through a fleet of fourteen very large gas carriers and six dual-fuel LPG newbuildings.