Short Interest in Avance Gas Holding Ltd (OTCMKTS:AVACF) Increases By 137.4%

Avance Gas Holding Ltd (OTCMKTS:AVACF) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 98,300 shares, an increase of 137.4% from the November 30th total of 41,400 shares. Based on an average daily trading volume, of 182,000 shares, the days-to-cover ratio is currently 0.5 days.

Avance Gas Stock Performance

Shares of AVACF stock opened at $6.75 on Friday. The business has a 50 day moving average of $8.99 and a two-hundred day moving average of $11.68. Avance Gas has a 52 week low of $6.25 and a 52 week high of $19.57.

Avance Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 11th were paid a $3.50 dividend. This represents a $14.00 dividend on an annualized basis and a yield of 207.41%. The ex-dividend date of this dividend was Wednesday, December 11th.

Avance Gas Company Profile

Avance Gas Holding Ltd, together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) worldwide. The company transports LPG from the Middle East Gulf and the United States Gulf/the United States East Coast to destinations in Europe, South America, India, and Asia. As of December 31, 2023, it owned and operated through a fleet of fourteen very large gas carriers and six dual-fuel LPG newbuildings.