ATCO Ltd. (OTCMKTS:ACLLF) Sees Significant Growth in Short Interest

ATCO Ltd. (OTCMKTS:ACLLF) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 502,900 shares, a growth of 37.7% from the February 13th total of 365,100 shares. Based on an average daily volume of 31,200 shares, the days-to-cover ratio is presently 16.1 days.

ATCO Stock Performance

Shares of OTCMKTS:ACLLF opened at $33.29 on Friday. The business has a 50-day moving average of $32.86 and a two-hundred day moving average of $33.78. ATCO has a 12 month low of $25.82 and a 12 month high of $36.10.

ATCO Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of $0.3504 per share. The ex-dividend date is Thursday, February 27th. This represents a yield of 4.21%. ATCO’s dividend payout ratio is presently 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.