Short Interest in ATCO Ltd. (OTCMKTS:ACLLF) Drops By 31.7%

ATCO Ltd. (OTCMKTS:ACLLF) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 437,000 shares, a decrease of 31.7% from the March 15th total of 639,800 shares. Based on an average daily trading volume, of 14,000 shares, the days-to-cover ratio is presently 31.2 days.

ATCO Stock Performance

Shares of ATCO stock opened at $36.33 on Friday. The stock’s fifty day moving average price is $34.05 and its 200-day moving average price is $33.90. ATCO has a 12 month low of $25.95 and a 12 month high of $36.76.

ATCO Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a $0.3504 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a dividend yield of 4.21%. ATCO’s dividend payout ratio is currently 24.22%.

ATCO Company Profile

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.