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

CLP Holdings Limited (OTCMKTS:CLPHYGet Rating) was the target of a large increase in short interest in April. As of April 30th, there was short interest totalling 174,800 shares, an increase of 60.5% from the April 15th total of 108,900 shares. Based on an average daily trading volume, of 93,900 shares, the short-interest ratio is currently 1.9 days.

Several brokerages have recently issued reports on CLPHY. Zacks Investment Research upgraded shares of CLP from a “sell” rating to a “hold” rating in a report on Friday, April 29th. DBS Vickers cut shares of CLP from a “buy” rating to a “hold” rating in a report on Tuesday, March 1st.

Shares of CLP stock opened at $9.59 on Friday. The company has a fifty day simple moving average of $9.81 and a 200-day simple moving average of $9.90. CLP has a 12-month low of $9.23 and a 12-month high of $10.79. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.74 and a current ratio of 0.90.

The firm also recently declared a dividend, which was paid on Thursday, March 31st. Investors of record on Monday, March 14th were given a $0.1449 dividend. The ex-dividend date was Friday, March 11th. This represents a yield of 3.65%.

About CLP (Get Rating)

CLP Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Southeast Asia, Taiwan, and Australia. The company generates electricity through coal, gas, nuclear, and renewable resources, such as wind, hydro, and solar.

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