Short Interest in Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) Decreases By 92.6%

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 245 shares, a decrease of 92.6% from the May 14th total of 3,300 shares. Based on an average daily volume of 8,644 shares, the short-interest ratio is currently 0.0 days.

Caribbean Utilities Price Performance

Shares of OTCMKTS:CUPUF remained flat at $14.75 during midday trading on Thursday. The stock had a trading volume of 1,400 shares, compared to its average volume of 2,567. Caribbean Utilities has a 52-week low of $11.67 and a 52-week high of $15.99. The business has a 50-day simple moving average of $14.27 and a two-hundred day simple moving average of $13.69.

About Caribbean Utilities

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.