Short Interest in United Utilities Group PLC (OTCMKTS:UUGRY) Drops By 98.5%

United Utilities Group PLC (OTCMKTS:UUGRY) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 600 shares, a decline of 98.5% from the January 15th total of 40,400 shares. Based on an average daily volume of 193,600 shares, the short-interest ratio is currently 0.0 days.

United Utilities Group Trading Down 1.7 %

Shares of United Utilities Group stock traded down $0.42 during trading hours on Wednesday, hitting $24.44. The company had a trading volume of 49,612 shares, compared to its average volume of 206,748. The company’s 50-day moving average is $25.56 and its two-hundred day moving average is $26.62. United Utilities Group has a twelve month low of $22.73 and a twelve month high of $29.10.

United Utilities Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Friday, November 29th were paid a $0.4369 dividend. The ex-dividend date was Friday, November 29th.

Analysts Set New Price Targets

Several research firms recently commented on UUGRY. Citigroup raised United Utilities Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Barclays raised 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.