CLP Holdings Limited (OTCMKTS:CLPHY) Sees Large Increase in Short Interest

CLP Holdings Limited (OTCMKTS:CLPHY) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 23,600 shares, a growth of 1,211.1% from the December 15th total of 1,800 shares. Based on an average daily trading volume, of 110,600 shares, the days-to-cover ratio is presently 0.2 days.

OTCMKTS CLPHY traded up $0.08 on Friday, hitting $10.04. 46,152 shares of the company’s stock were exchanged, compared to its average volume of 58,535. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. CLP has a 52 week low of $8.92 and a 52 week high of $10.79. The stock has a 50-day moving average of $9.84 and a 200-day moving average of $9.87.

The business also recently announced a dividend, which was paid on Wednesday, December 22nd. Shareholders of record on Thursday, December 2nd were issued a dividend of $0.3989 per share. This represents a yield of 4.14%. The ex-dividend date was Wednesday, December 1st.

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, Southeast Asia, Taiwan, and Australia. The company generates electricity through coal, gas, nuclear, wind, hydro, solar, and oil sources. It serves 5.12 million retail customers in Hong Kong and Australia.

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