Short Interest in United Utilities Group PLC (OTCMKTS:UUGRY) Rises By 148.7%

United Utilities Group PLC (OTCMKTS:UUGRY) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 28,600 shares, a growth of 148.7% from the December 31st total of 11,500 shares. Based on an average daily trading volume, of 101,400 shares, the days-to-cover ratio is presently 0.3 days.

United Utilities Group Stock Down 0.1 %

OTCMKTS UUGRY traded down $0.02 during trading on Wednesday, reaching $24.41. 55,380 shares of the company’s stock were exchanged, compared to its average volume of 92,873. United Utilities Group has a 1 year low of $22.73 and a 1 year high of $29.10. The company has a 50 day moving average price of $26.29 and a two-hundred day moving average price of $26.73.

United Utilities Group Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Friday, November 29th were given a dividend of $0.4369 per share. The ex-dividend date of this dividend was Friday, November 29th.

Analyst Ratings Changes

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

United Utilities Group Company Profile

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.