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

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

Caribbean Utilities Stock Down 3.0%

Shares of OTCMKTS:CUPUF opened at $13.93 on Thursday. The business’s 50-day moving average is $14.14 and its 200 day moving average is $13.62. Caribbean Utilities has a 1 year low of $11.67 and a 1 year high of $15.99.

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.