Short Interest in United Utilities Group PLC (OTCMKTS:UUGRY) Drops By 72.3%

United Utilities Group PLC (OTCMKTS:UUGRY) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 17,900 shares, a drop of 72.3% from the April 30th total of 64,562 shares. Based on an average trading volume of 57,124 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of research analysts recently commented on UUGRY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of United Utilities Group in a research note on Tuesday, May 5th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of United Utilities Group in a research note on Tuesday, May 5th. Kepler Capital Markets cut shares of United Utilities Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Zacks Research downgraded shares of United Utilities Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Citigroup lowered shares of United Utilities Group from a “buy” rating to a “neutral” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, United Utilities Group presently has a consensus rating of “Moderate Buy”.

United Utilities Group Trading Up 0.1%

OTCMKTS:UUGRY traded up $0.02 on Friday, reaching $36.30. The stock had a trading volume of 31,108 shares, compared to its average volume of 25,083. The company has a debt-to-equity ratio of 5.50, a current ratio of 2.22 and a quick ratio of 2.21. United Utilities Group has a 1-year low of $29.20 and a 1-year high of $40.43. The stock has a fifty day moving average price of $36.24 and a 200-day moving average price of $34.52.

United Utilities Group Company Profile

United Utilities Group (OTCMKTS:UUGRY) is a leading regulated water and wastewater services provider in the United Kingdom, serving more than seven million residents and businesses across North West England. Headquartered in Warrington, the company manages an integrated network of treatment works, reservoirs, pumping stations and more than 26,000 kilometres of water mains. Through its regulated arm, it supplies potable water and collects, transports and treats wastewater, ensuring compliance with environmental and public health standards set by Ofwat and the Environment Agency.

In addition to its core water and wastewater operations, United Utilities has expanded into related services including flood risk management, environmental consultancy and renewable energy generation.