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

Consolidated Water Co. Ltd. (NASDAQ:CWCO) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 735,000 shares, a growth of 11.2% from the September 15th total of 661,200 shares. Based on an average daily trading volume, of 94,700 shares, the short-interest ratio is currently 7.8 days. Currently, 4.9% of the shares of the company are short sold.

Consolidated Water Stock Down 0.5 %

Shares of NASDAQ CWCO traded down $0.13 during mid-day trading on Thursday, hitting $26.19. The company had a trading volume of 25,040 shares, compared to its average volume of 123,408. Consolidated Water has a 12 month low of $23.70 and a 12 month high of $38.29. The business’s 50-day simple moving average is $26.03 and its 200-day simple moving average is $26.32.

Consolidated Water (NASDAQ:CWCO) last released its quarterly earnings data on Wednesday, August 14th. The utilities provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.08). The firm had revenue of $32.48 million for the quarter, compared to the consensus estimate of $37.12 million. Consolidated Water had a net margin of 23.26% and a return on equity of 15.49%. On average, research analysts forecast that Consolidated Water will post 1.25 EPS for the current year.

Consolidated Water Increases Dividend

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

Institutional Investors Weigh In On Consolidated Water

Several large investors have recently modified their holdings of CWCO. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Consolidated Water during the second quarter valued at $27,000. GoalVest Advisory LLC acquired a new stake in shares of Consolidated Water during the first quarter worth approximately $29,000. nVerses Capital LLC bought a new position in shares of Consolidated Water in the third quarter valued at approximately $33,000. Creekmur Asset Management LLC bought a new stake in Consolidated Water during the 4th quarter worth approximately $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 currently owned by institutional investors.

About Consolidated Water

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.