Short Interest in CLP Holdings Limited (OTCMKTS:CLPHY) Rises By 317.8%

CLP Holdings Limited (OTCMKTS:CLPHY) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 30,500 shares, a growth of 317.8% from the October 31st total of 7,300 shares. Based on an average daily trading volume, of 159,100 shares, the days-to-cover ratio is presently 0.2 days.

CLP Price Performance

Shares of CLP stock traded up $0.03 during trading on Wednesday, hitting $8.42. 62,356 shares of the company were exchanged, compared to its average volume of 103,294. CLP has a 1-year low of $7.29 and a 1-year high of $9.54. The firm’s fifty day moving average price is $8.69 and its 200 day moving average price is $8.62.

CLP Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.073 per share. This is a positive change from CLP’s previous dividend of $0.07. The ex-dividend date of this dividend is Tuesday, December 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.