Short Interest in Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Grows By 4,200.0%

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 4,300 shares, an increase of 4,200.0% from the December 15th total of 100 shares. Based on an average daily volume of 1,500 shares, the short-interest ratio is presently 2.9 days.

Caribbean Utilities Stock Performance

Shares of CUPUF stock opened at $13.94 on Tuesday. The firm has a fifty day simple moving average of $13.94 and a 200-day simple moving average of $13.97. Caribbean Utilities has a twelve month low of $10.70 and a twelve month high of $15.01.

Caribbean Utilities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were paid a dividend of $0.185 per share. The ex-dividend date was Friday, November 29th. This represents a $0.74 annualized dividend and a dividend yield of 5.31%. Caribbean Utilities’s dividend payout ratio is presently 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.