Avance Gas Holding Ltd (OTCMKTS:AVACF) Short Interest Down 87.7% in December

Avance Gas Holding Ltd (OTCMKTS:AVACF) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 12,100 shares, a drop of 87.7% from the December 15th total of 98,300 shares. Based on an average daily volume of 42,100 shares, the short-interest ratio is currently 0.3 days.

Avance Gas Trading Up 2.9 %

OTCMKTS AVACF opened at $8.31 on Wednesday. The firm’s 50 day moving average price is $8.47 and its 200-day moving average price is $10.90. Avance Gas has a 52-week low of $6.25 and a 52-week high of $19.57.

Avance Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 11th were paid a dividend of $3.50 per share. The ex-dividend date was Wednesday, December 11th. This represents a $14.00 dividend on an annualized basis and a dividend yield of 168.55%.

About Avance Gas

Avance Gas Holding Ltd, together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) worldwide. The company transports LPG from the Middle East Gulf and the United States Gulf/the United States East Coast to destinations in Europe, South America, India, and Asia. As of December 31, 2023, it owned and operated through a fleet of fourteen very large gas carriers and six dual-fuel LPG newbuildings.