Consolidated Water Co. Ltd. (NASDAQ:CWCO) Short Interest Update

Consolidated Water Co. Ltd. (NASDAQ:CWCO) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 676,100 shares, a decline of 8.0% from the September 30th total of 735,000 shares. Based on an average daily trading volume, of 95,400 shares, the short-interest ratio is presently 7.1 days. Currently, 4.5% of the company’s stock are sold short.

Consolidated Water Stock Performance

Consolidated Water stock traded down $0.11 during midday trading on Friday, reaching $23.65. The stock had a trading volume of 64,750 shares, compared to its average volume of 121,558. Consolidated Water has a 12 month low of $23.55 and a 12 month high of $38.29. The company has a fifty day moving average price of $25.59 and a two-hundred day moving average price of $26.25.

Consolidated Water (NASDAQ:CWCO) last issued its earnings results on Wednesday, August 14th. The utilities provider reported $0.26 EPS 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 firm had revenue of $32.48 million during the quarter, compared to the consensus estimate of $37.12 million. On average, research 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 was paid on Thursday, October 31st. Investors of record on Tuesday, October 1st were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.86%. This is a positive change from Consolidated Water’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, October 1st.

Institutional Trading of Consolidated Water

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CWCO. Allspring Global Investments Holdings LLC increased its holdings in Consolidated Water by 35.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 68,058 shares of the utilities provider’s stock worth $1,995,000 after purchasing an additional 17,926 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Consolidated Water during the 1st quarter worth approximately $445,000. Precision Wealth Strategies LLC increased its holdings in Consolidated Water by 8.6% during the 1st quarter. Precision Wealth Strategies LLC now owns 6,912 shares of the utilities provider’s stock worth $203,000 after purchasing an additional 547 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Consolidated Water by 11.0% during the 1st quarter. BNP Paribas Financial Markets now owns 12,882 shares of the utilities provider’s stock worth $378,000 after purchasing an additional 1,280 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new stake in Consolidated Water during the 1st quarter worth approximately $1,847,000. 55.16% of the stock is owned by institutional investors.

Consolidated Water Company Profile

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.