Consolidated Water Co. Ltd. (NASDAQ:CWCO) Short Interest Up 11.2% in September

Consolidated Water Co. Ltd. (NASDAQ:CWCOGet Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 735,000 shares, an increase of 11.2% from the September 15th total of 661,200 shares. Based on an average daily volume of 94,700 shares, the short-interest ratio is presently 7.8 days. Approximately 4.9% of the shares of the stock are short sold.

Consolidated Water Trading Down 0.7 %

Shares of CWCO stock traded down $0.18 during trading hours on Thursday, hitting $26.14. The company had a trading volume of 38,672 shares, compared to its average volume of 123,466. Consolidated Water has a 12 month low of $23.70 and a 12 month high of $38.29. The firm’s fifty day moving average is $26.03 and its 200 day moving average is $26.32.

Consolidated Water (NASDAQ:CWCOGet Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The utilities provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.08). Consolidated Water had a net margin of 23.26% and a return on equity of 15.49%. The company had revenue of $32.48 million during the quarter, compared to the consensus estimate of $37.12 million. Equities analysts anticipate that Consolidated Water will post 1.25 earnings per share for the current fiscal year.

Consolidated Water Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 1st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.68%. This is a boost from Consolidated Water’s previous quarterly dividend of $0.10.

Hedge Funds Weigh In On Consolidated Water

Several institutional investors have recently added to or reduced their stakes in CWCO. Oliver Lagore Vanvalin Investment Group bought a new stake in Consolidated Water during the second quarter worth about $27,000. GoalVest Advisory LLC acquired a new position in shares of Consolidated Water in the 1st quarter worth approximately $29,000. nVerses Capital LLC bought a new stake in Consolidated Water during the 3rd quarter worth approximately $33,000. Creekmur Asset Management LLC acquired a new stake in Consolidated Water during the 4th quarter valued at $45,000. Finally, SG Americas Securities LLC bought a new position in Consolidated Water in the 3rd quarter valued at $132,000. 55.16% of the stock is owned by institutional investors.

About Consolidated Water

(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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