CLP Holdings Ltd. (OTCMKTS:CLPHY) Sees Large Drop in Short Interest

Key Points

• CLP Holdings Ltd. experienced a significant 62.1% drop in short interest in July, with total short interest falling to 39,300 shares as of July 31st.
• The company announced a dividend yield of 435.0% after paying a dividend of $0.0726 per share on June 23rd.
• CLP Holdings' stock is currently trading at $8.41, with a 1-year price range between $7.74 and $9.54.

CLP Holdings Ltd. (OTCMKTS:CLPHY - ) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 39,300 shares, adropof62.1% from the July 15th total of 103,700 shares. Based on an average daily volume of 112,800 shares, the days-to-cover ratio is presently 0.3 days. Currently,0.0% of the shares of the company are sold short. Currently,0.0% of the shares of the company are sold short. Based on an average daily volume of 112,800 shares, the days-to-cover ratio is presently 0.3 days.

CLP Trading Up 0.1%

Shares of OTCMKTS:CLPHY opened at $8.41 on Friday. CLP has a 1-year low of $7.74 and a 1-year high of $9.54. The business's 50 day moving average is $8.43 and its 200-day moving average is $8.35. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.60 and a quick ratio of 0.48.

CLP Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, June 23rd. Investors of record on Wednesday, June 4th were given a dividend of $0.0726 per share. This represents a dividend yield of 435.0%. The ex-dividend date was Tuesday, June 3rd.

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.

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