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

CLP Holdings Limited (OTCMKTS:CLPHY) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totalling 57,900 shares, a decline of 66.0% from the May 31st total of 170,100 shares. Based on an average trading volume of 500,800 shares, the days-to-cover ratio is currently 0.1 days.

CLP Trading Up 2.0 %

Shares of OTCMKTS CLPHY traded up $0.16 during midday trading on Friday, hitting $8.22. 228,724 shares of the stock traded hands, compared to its average volume of 371,760. The business has a 50 day moving average price of $8.27 and a two-hundred day moving average price of $8.15. CLP has a one year low of $7.03 and a one year high of $8.83.

CLP Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 3rd were issued a dividend of $0.0726 per share. The ex-dividend date of this dividend was Monday, 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.