CLP Holdings Ltd. (OTCMKTS:CLPHY) Sees Large Decrease 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 - Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 39,300 shares, adecreaseof62.1% 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. Approximately0.0% of the shares of the stock are short sold. Approximately0.0% of the shares of the stock are short sold. Based on an average daily volume of 112,800 shares, the days-to-cover ratio is presently 0.3 days.

CLP Stock Down 0.1%

Shares of CLPHY traded down $0.01 during trading hours on Thursday, hitting $8.39. The stock had a trading volume of 27,474 shares, compared to its average volume of 104,149. The company's fifty day moving average is $8.44 and its two-hundred day moving average is $8.35. The company has a quick ratio of 0.48, a current ratio of 0.60 and a debt-to-equity ratio of 0.45. CLP has a 52 week low of $7.7350 and a 52 week high of $9.54.

CLP Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, June 23rd. Stockholders of record on Wednesday, June 4th were issued a $0.0726 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a dividend yield of 435.0%.

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.