Consolidated Water Co. Ltd. (NASDAQ:CWCO) Sees Significant Decline in Short Interest

by · The Markets Daily

Consolidated Water Co. Ltd. (NASDAQ:CWCO – Get Free Report) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 612,600 shares, a decline of 5.1% from the November 30th total of 645,400 shares. Approximately 4.1% of the company’s shares are short sold. Based on an average daily volume of 93,500 shares, the short-interest ratio is currently 6.6 days.

Consolidated Water Stock Performance

CWCO traded up $0.07 during mid-day trading on Wednesday, reaching $25.89. The stock had a trading volume of 82,761 shares, compared to its average volume of 118,042. The firm’s fifty day simple moving average is $25.55 and its two-hundred day simple moving average is $26.02. The stock has a market capitalization of $409.97 million, a P/E ratio of 18.49, a P/E/G ratio of 2.54 and a beta of 0.21. Consolidated Water has a 52 week low of $23.55 and a 52 week high of $36.19.

Consolidated Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 2nd will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.44 annualized dividend and a yield of 1.70%. Consolidated Water’s dividend payout ratio is currently 31.43%.

Institutional Trading of Consolidated Water

A number of institutional investors have recently bought and sold shares of CWCO. Bank of New York Mellon Corp grew its stake in shares of Consolidated Water by 36.0% during the second quarter. Bank of New York Mellon Corp now owns 76,702 shares of the utilities provider’s stock worth $2,036,000 after purchasing an additional 20,315 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Consolidated Water by 0.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 68,701 shares of the utilities provider’s stock valued at $1,823,000 after buying an additional 643 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Consolidated Water by 12.6% in the second quarter. Principal Financial Group Inc. now owns 17,106 shares of the utilities provider’s stock worth $454,000 after acquiring an additional 1,909 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Consolidated Water by 16.0% during the 2nd quarter. Rhumbline Advisers now owns 29,493 shares of the utilities provider’s stock valued at $783,000 after purchasing an additional 4,068 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new position in shares of Consolidated Water in the 2nd quarter valued at approximately $524,000. Institutional investors and hedge funds own 55.16% of the company’s stock.

Consolidated Water Company Profile

(Get Free Report)

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.

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