Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF – Get Free Report) was the recipient of a large decrease in short interest during the month of 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 Trading Up 2.8%
CUPUF stock opened at $14.75 on Wednesday. Caribbean Utilities has a 12-month low of $11.67 and a 12-month high of $15.99. The business’s 50-day moving average is $14.25 and its 200 day moving average is $13.68.
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.
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