United Utilities Group PLC (OTCMKTS:UUGRY) Sees Significant Decrease in Short Interest

United Utilities Group PLC (OTCMKTS:UUGRY) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 11,500 shares, a decline of 29.4% from the November 30th total of 16,300 shares. Based on an average daily trading volume, of 81,800 shares, the short-interest ratio is presently 0.1 days.

United Utilities Group Stock Performance

OTCMKTS:UUGRY opened at $26.45 on Friday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average price is $27.38 and its 200-day moving average price is $26.93. United Utilities Group has a 1-year low of $24.47 and a 1-year high of $29.10.

United Utilities Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Friday, November 29th will be given a dividend of $0.4369 per share. The ex-dividend date of this dividend is Friday, November 29th.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on UUGRY. Royal Bank of Canada raised United Utilities Group to a “moderate buy” rating in a research report on Wednesday, October 9th. Citigroup upgraded United Utilities Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Barclays upgraded United Utilities Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 12th.

About United Utilities Group

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 43,000 kilometers of water pipes; and 79,000 kilometers of wastewater pipes.