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

Consolidated Water Co. Ltd. (NASDAQ:CWCO) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 676,100 shares, a decrease of 8.0% from the September 30th total of 735,000 shares. Based on an average trading volume of 95,400 shares, the short-interest ratio is currently 7.1 days. Currently, 4.5% of the shares of the company are sold short.

Hedge Funds Weigh In On Consolidated Water

Several institutional investors have recently bought and sold shares of the company. Farrow Financial Inc. lifted its stake in Consolidated Water by 7.6% in the third quarter. Farrow Financial Inc. now owns 97,510 shares of the utilities provider’s stock valued at $2,458,000 after purchasing an additional 6,874 shares during the last quarter. Stanley Laman Group Ltd. purchased a new stake in shares of Consolidated Water during the third quarter worth $53,000. Copeland Capital Management LLC purchased a new stake in shares of Consolidated Water during the third quarter worth $48,000. nVerses Capital LLC purchased a new stake in shares of Consolidated Water during the third quarter worth $33,000. Finally, Diversified Trust Co purchased a new stake in shares of Consolidated Water during the third quarter worth $309,000. Hedge funds and other institutional investors own 55.16% of the company’s stock.

Consolidated Water Stock Performance

Shares of CWCO stock traded down $0.11 during trading on Friday, hitting $23.65. The company’s stock had a trading volume of 64,750 shares, compared to its average volume of 121,558. The business has a fifty day moving average of $25.59 and a 200-day moving average of $26.25. Consolidated Water has a 52 week low of $23.55 and a 52 week high of $38.29.

Consolidated Water (NASDAQ:CWCO) last released its earnings results on Wednesday, August 14th. The utilities provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.08). Consolidated Water had a net margin of 23.26% and a return on equity of 15.49%. The business had revenue of $32.48 million during the quarter, compared to the consensus estimate of $37.12 million. As a group, sell-side analysts expect that Consolidated Water will post 1.25 earnings per share for the current year.

Consolidated Water Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 1st were paid a $0.11 dividend. This is an increase from Consolidated Water’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.44 annualized dividend and a yield of 1.86%.

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.