Short Interest in ATCO Ltd. (OTCMKTS:ACLLF) Expands By 37.7%

ATCO Ltd. (OTCMKTS:ACLLF) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 502,900 shares, a growth of 37.7% from the February 13th total of 365,100 shares. Based on an average daily volume of 31,200 shares, the days-to-cover ratio is currently 16.1 days.

ATCO Trading Down 0.3 %

OTCMKTS:ACLLF opened at $33.29 on Monday. ATCO has a 12-month low of $25.82 and a 12-month high of $36.10. The stock has a 50-day moving average price of $32.86 and a 200 day moving average price of $33.78.

ATCO Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.3504 per share. This represents a dividend yield of 4.21%. The ex-dividend date of this dividend is Thursday, February 27th. ATCO’s dividend payout ratio is currently 24.22%.

About ATCO

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.