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

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

Consolidated Water Trading Down 0.5 %

Shares of NASDAQ CWCO traded down $0.13 during trading hours on Thursday, hitting $26.19. The stock had a trading volume of 25,040 shares, compared to its average volume of 123,408. The firm’s 50-day moving average price is $26.03 and its two-hundred day moving average price is $26.32. Consolidated Water has a 52 week low of $23.70 and a 52 week high of $38.29.

Consolidated Water (NASDAQ:CWCO) last released its quarterly earnings results on Wednesday, August 14th. The utilities provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.08). The business 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 predict that Consolidated Water will post 1.25 earnings per share for the current fiscal year.

Consolidated Water Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 1st will be issued a dividend of $0.11 per share. This is a positive change 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 dividend yield of 1.68%.

Institutional Investors Weigh In On Consolidated Water

Several institutional investors and hedge funds have recently added to or reduced their stakes in CWCO. GoalVest Advisory LLC bought a new stake in shares of Consolidated Water during the 1st quarter worth $29,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Consolidated Water in the second quarter worth about $27,000. Creekmur Asset Management LLC acquired a new position in shares of Consolidated Water during the 4th quarter worth about $45,000. nVerses Capital LLC acquired a new stake in Consolidated Water in the 3rd quarter valued at approximately $33,000. Finally, Russell Investments Group Ltd. increased its position in Consolidated Water by 25.6% in the 1st quarter. Russell Investments Group Ltd. now owns 5,050 shares of the utilities provider’s stock worth $148,000 after buying an additional 1,029 shares during the period. 55.16% of the stock is currently owned by institutional investors and hedge funds.

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.