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

CLP Holdings Ltd. (OTCMKTS:CLPHY) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 60,592 shares, a decrease of 49.1% from the November 30th total of 119,089 shares. Based on an average daily trading volume, of 148,072 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 148,072 shares, the days-to-cover ratio is currently 0.4 days.

CLP Stock Performance

CLP stock opened at $9.06 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 0.45. CLP has a 12-month low of $7.74 and a 12-month high of $9.33. The business’s 50-day moving average price is $8.78 and its two-hundred day moving average price is $8.53.

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.