CLP Holdings Ltd. (OTCMKTS:CLPHY) Stock Short Interest Falls 41.1%

CLP Holdings Ltd. (OTCMKTS:CLPHY) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 11,102 shares, a drop of 41.1% from the September 30th total of 18,834 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 232,697 shares, the short-interest ratio is presently 0.0 days.

CLP Stock Up 0.3%

Shares of CLPHY stock traded up $0.03 during trading hours on Monday, reaching $9.91. 64,511 shares of the stock traded hands, compared to its average volume of 83,218. The company has a quick ratio of 0.55, a current ratio of 0.66 and a debt-to-equity ratio of 0.43. CLP has a 1-year low of $8.34 and a 1-year high of $10.44. The business has a fifty day moving average price of $9.89 and a 200 day moving average price of $9.71.

CLP Company Profile

CLP Holdings Limited is an investor-owned utility headquartered in Hong Kong. Founded in 1901 as China Light and Power Company, the group has grown into an international energy business focused on electricity generation, transmission, distribution and retail supply.

Through CLP Power Hong Kong, the company supplies electricity to customers across Hong Kong and operates the territory’s electricity transmission and distribution network. Its generation portfolio includes gas-fired, nuclear, renewable and other power assets, supporting the region’s electricity needs while the company works to reduce the carbon intensity of its operations.

CLP also operates energy businesses in Australia, mainland China, India, Taiwan and other Asia-Pacific markets.