Short Interest in CLP Holdings Limited (OTCMKTS:CLPHY) Decreases By 88.1%

CLP Holdings Limited (OTCMKTS:CLPHY) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 1,900 shares, a drop of 88.1% from the February 28th total of 16,000 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 320,800 shares, the days-to-cover ratio is currently 0.0 days.

CLP Stock Performance

Shares of OTCMKTS:CLPHY traded down $0.05 on Wednesday, reaching $8.05. The company had a trading volume of 77,316 shares, compared to its average volume of 142,328. The firm’s 50 day simple moving average is $8.22 and its 200-day simple moving average is $8.43. CLP has a 52-week low of $7.62 and a 52-week high of $9.54. The company has a current ratio of 0.70, a quick ratio of 0.56 and a debt-to-equity ratio of 0.43.

CLP Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 27th. Stockholders of record on Monday, March 10th will be given a $0.1621 dividend. The ex-dividend date is Monday, March 10th. This is an increase from CLP’s previous dividend of $0.07.

CLP Company Profile

CLP Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, Mainland China, India Thailand, Taiwan, and Australia. The company generates electricity through coal, gas, nuclear, and renewable resources, such as wind, hydro, and solar.