United Utilities Group PLC (OTCMKTS:UUGRY) Short Interest Up 137.3% in June

United Utilities Group PLC (OTCMKTS:UUGRY) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 23,359 shares, a growth of 137.3% from the June 15th total of 9,845 shares. Based on an average trading volume of 60,934 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on UUGRY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of United Utilities Group in a research note on Monday, June 8th. BNP Paribas Exane began coverage on shares of United Utilities Group in a research note on Monday, June 29th. They set an “outperform” rating on the stock. Citigroup cut shares of United Utilities Group from a “buy” rating to a “neutral” rating in a research note on Friday, May 1st. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of United Utilities Group in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

United Utilities Group Price Performance

United Utilities Group stock opened at $36.39 on Tuesday. The stock has a 50-day simple moving average of $35.79 and a 200 day simple moving average of $35.26. United Utilities Group has a 12-month low of $29.20 and a 12-month high of $40.43.

About United Utilities Group

United Utilities Group (OTCMKTS:UUGRY) is a leading regulated water and wastewater services provider in the United Kingdom, serving more than seven million residents and businesses across North West England. Headquartered in Warrington, the company manages an integrated network of treatment works, reservoirs, pumping stations and more than 26,000 kilometres of water mains. Through its regulated arm, it supplies potable water and collects, transports and treats wastewater, ensuring compliance with environmental and public health standards set by Ofwat and the Environment Agency.

In addition to its core water and wastewater operations, United Utilities has expanded into related services including flood risk management, environmental consultancy and renewable energy generation.