Short Interest in United Utilities Group PLC (OTCMKTS:UUGRY) Rises By 148.7%

United Utilities Group PLC (OTCMKTS:UUGRY) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 28,600 shares, a growth of 148.7% from the December 31st total of 11,500 shares. Based on an average daily trading volume, of 101,400 shares, the short-interest ratio is presently 0.3 days.

United Utilities Group Stock Up 2.6 %

Shares of OTCMKTS UUGRY traded up $0.65 during trading on Friday, reaching $25.37. 70,668 shares of the stock traded hands, compared to its average volume of 114,404. United Utilities Group has a 52-week low of $22.73 and a 52-week high of $29.10. The company has a 50-day moving average of $26.18 and a 200-day moving average of $26.70.

United Utilities Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Friday, November 29th were given a dividend of $0.4369 per share. The ex-dividend date was Friday, November 29th.

Analyst Ratings Changes

UUGRY has been the subject of a number of research reports. Royal Bank of Canada raised United Utilities Group to a “moderate buy” rating in a research note on Wednesday, October 9th. Citigroup upgraded shares of United Utilities Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Barclays raised United Utilities Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 12th.

United Utilities Group Company Profile

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 43,000 kilometers of water pipes; and 79,000 kilometers of wastewater pipes.