Short Interest in Avance Gas Holding Ltd (OTCMKTS:AVACF) Increases By 250.8%

Posted by Mickey Rousseau on Dec 11th, 2024

Avance Gas Holding Ltd (OTCMKTS:AVACF – Get Free Report) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 41,400 shares, an increase of 250.8% from the November 15th total of 11,800 shares. Based on an average trading volume of 61,800 shares, the short-interest ratio is currently 0.7 days.

Avance Gas Price Performance

Shares of AVACF stock traded down $3.72 during midday trading on Wednesday, reaching $7.00. 269,465 shares of the company traded hands, compared to its average volume of 16,007. The firm’s 50 day simple moving average is $9.89 and its two-hundred day simple moving average is $12.50. Avance Gas has a 1-year low of $6.60 and a 1-year high of $19.57.

Avance Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, December 11th will be given a dividend of $3.50 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $14.00 dividend on an annualized basis and a dividend yield of 200.00%.

Avance Gas Company Profile

(Get Free Report)

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.