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

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

Avance Gas Stock Up 7.1 %

Shares of AVACF stock opened at $7.23 on Friday. Avance Gas has a 52-week low of $6.25 and a 52-week high of $19.57. The firm’s 50-day moving average is $8.93 and its 200-day moving average is $11.59.

Avance Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 193.60%.

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.