CLP Holdings Ltd. (OTCMKTS:CLPHY) Stock Short Interest Drops 41.1%

CLP Holdings Ltd. (OTCMKTS:CLPHY) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 11,102 shares, a drop of 41.1% from the September 30th total of 18,834 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 232,697 shares, the days-to-cover ratio is presently 0.0 days.

CLP Stock Performance

Shares of OTCMKTS CLPHY opened at $9.88 on Friday. CLP has a 52 week low of $8.33 and a 52 week high of $10.44. The firm has a 50-day moving average price of $9.89 and a 200 day moving average price of $9.71. The company has a current ratio of 0.66, a quick ratio of 0.55 and a debt-to-equity ratio of 0.43.

CLP Company Profile

CLP Holdings Limited is an investor-owned utility headquartered in Hong Kong. Founded in 1901 as China Light and Power Company, the group has grown into an international energy business focused on electricity generation, transmission, distribution and retail supply.

Through CLP Power Hong Kong, the company supplies electricity to customers across Hong Kong and operates the territory’s electricity transmission and distribution network. Its generation portfolio includes gas-fired, nuclear, renewable and other power assets, supporting the region’s electricity needs while the company works to reduce the carbon intensity of its operations.

CLP also operates energy businesses in Australia, mainland China, India, Taiwan and other Asia-Pacific markets.