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

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Zacks Research upgraded CLP to a “hold” rating in a research note on Thursday, February 26th. Citigroup downgraded CLP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, CLP has a consensus rating of “Hold”.

CLP Price Performance

CLPHY stock opened at $9.78 on Friday. CLP has a 1-year low of $7.99 and a 1-year high of $10.22. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.48 and a current ratio of 0.59. The business has a 50 day simple moving average of $9.58 and a two-hundred day simple moving average of $9.31.

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.