Short Interest in Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Drops By 97.6%

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 180 shares, a drop of 97.6% from the April 15th total of 7,493 shares. Based on an average daily volume of 547 shares, the days-to-cover ratio is presently 0.3 days.

Caribbean Utilities Price Performance

Shares of CUPUF remained flat at $14.75 during mid-day trading on Wednesday. 6,547 shares of the company traded hands, compared to its average volume of 2,145. Caribbean Utilities has a 52-week low of $11.67 and a 52-week high of $15.99. The firm’s fifty day simple moving average is $13.94 and its 200 day simple moving average is $13.53.

Caribbean Utilities Company Profile

Caribbean Utilities Company, Ltd. is an electric utility provider that generates, transmits, distributes and sells electricity to the island of Grand Cayman in the Cayman Islands. The company holds an exclusive licence from the Cayman Islands government to operate the island’s power system and is publicly traded on the Toronto Stock Exchange and over‐the‐counter markets under the symbol CUPUF. Its service territory encompasses all major population centres of Grand Cayman, supporting residential, commercial and industrial customers with reliable energy supply.

Established in 1964 and commencing operations in 1966, Caribbean Utilities Company has developed its generation capacity around its Cat Bay power station, which primarily relies on diesel and heavy fuel oil generators.