CLP Holdings Limited (OTCMKTS:CLPHY) Short Interest Down 14.3% in December

CLP Holdings Limited (OTCMKTS:CLPHY) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 2,400 shares, a drop of 14.3% from the December 15th total of 2,800 shares. Based on an average daily trading volume, of 518,500 shares, the days-to-cover ratio is currently 0.0 days.

CLP Price Performance

Shares of OTCMKTS CLPHY traded up $0.18 during midday trading on Friday, hitting $8.44. 109,404 shares of the company traded hands, compared to its average volume of 108,400. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.56. CLP has a 12-month low of $7.57 and a 12-month high of $9.54. The stock has a 50-day moving average price of $8.32 and a 200 day moving average price of $8.59.

CLP Increases Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 3rd were paid a $0.073 dividend. This is a boost from CLP’s previous dividend of $0.07. The ex-dividend date of this dividend was Tuesday, December 3rd.

About CLP

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.