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

CLP Holdings Ltd. (OTCMKTS:CLPHY) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 136,942 shares, a growth of 90.1% from the April 15th total of 72,033 shares. Based on an average daily volume of 131,406 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.0% of the shares of the company are short sold.

CLP Stock Down 1.1%

Shares of OTCMKTS:CLPHY opened at $9.78 on Friday. The stock has a 50 day moving average of $9.58 and a 200 day moving average of $9.31. The company has a current ratio of 0.59, a quick ratio of 0.48 and a debt-to-equity ratio of 0.44. CLP has a 12-month low of $7.99 and a 12-month high of $10.22.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CLPHY. Citigroup lowered shares of CLP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Zacks Research raised shares of CLP to a “hold” rating in a research report on Thursday, February 26th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

CLP Company Profile

CLP Holdings Limited (OTCMKTS: CLPHY) is an investor‑owned electric utility headquartered in Hong Kong. The company’s core activities include the generation, transmission and distribution of electricity as well as the retailing of energy to residential, commercial and industrial customers. CLP’s generation portfolio is diversified across conventional and low‑carbon technologies, and the company supplements its core utility operations with energy services such as demand management, distributed energy solutions and infrastructure development.

Founded in the early 20th century as China Light & Power, CLP has developed into one of the region’s long‑standing power companies and conducts operations and investments across the Asia‑Pacific region.