Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Sees Significant Decrease in Short Interest

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 180 shares, a drop of 97.6% from the April 15th total of 7,493 shares. Based on an average trading volume of 547 shares, the days-to-cover ratio is currently 0.3 days.

Caribbean Utilities Stock Performance

OTCMKTS:CUPUF traded down $0.01 during mid-day trading on Monday, hitting $14.75. 6,547 shares of the company’s stock traded hands, compared to its average volume of 2,145. The firm’s 50 day simple moving average is $13.91 and its 200 day simple moving average is $13.52. Caribbean Utilities has a 1 year low of $11.67 and a 1 year 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.