Short Interest in Avance Gas Holding Ltd (OTCMKTS:AVACF) Drops By 16.5%

Avance Gas Holding Ltd (OTCMKTS:AVACF) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 9,100 shares, a drop of 16.5% from the January 15th total of 10,900 shares. Based on an average trading volume of 14,400 shares, the short-interest ratio is currently 0.6 days.

Avance Gas Trading Up 3.4 %

AVACF opened at $7.64 on Friday. Avance Gas has a 1-year low of $6.25 and a 1-year high of $19.57. The firm’s 50 day simple moving average is $7.42 and its two-hundred day simple moving average is $9.83.

Avance Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 11th were given a $3.50 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $14.00 annualized dividend and a yield of 183.25%.

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.