Consolidated Water Co. Ltd. (NASDAQ:CWCO) Short Interest Up 9.2% in June

Consolidated Water Co. Ltd. (NASDAQ:CWCO) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 635,600 shares, a growth of 9.2% from the May 31st total of 582,300 shares. Based on an average daily volume of 153,100 shares, the short-interest ratio is currently 4.2 days. Approximately 4.3% of the company’s stock are sold short.

Insider Buying and Selling at Consolidated Water

In other Consolidated Water news, Director Clarence B. Flowers sold 2,700 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $25.04, for a total value of $67,608.00. Following the transaction, the director now directly owns 300,500 shares in the company, valued at $7,524,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.87% of the stock is currently owned by insiders.

Institutional Trading of Consolidated Water

Institutional investors have recently modified their holdings of the company. GoalVest Advisory LLC purchased a new stake in shares of Consolidated Water during the 1st quarter worth about $29,000. Creekmur Asset Management LLC purchased a new position in Consolidated Water in the 4th quarter worth approximately $45,000. AdvisorNet Financial Inc purchased a new position in Consolidated Water in the 4th quarter worth approximately $71,000. USA Financial Formulas purchased a new position in Consolidated Water in the 4th quarter worth approximately $108,000. Finally, Russell Investments Group Ltd. purchased a new position in Consolidated Water in the 4th quarter worth approximately $143,000. Hedge funds and other institutional investors own 55.16% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Consolidated Water from a “buy” rating to a “hold” rating in a research report on Friday, May 10th.

Consolidated Water Stock Performance

Shares of CWCO stock opened at $25.86 on Tuesday. The business has a fifty day simple moving average of $26.51 and a 200-day simple moving average of $29.01. Consolidated Water has a fifty-two week low of $19.07 and a fifty-two week high of $38.29.

Consolidated Water (NASDAQ:CWCO) last issued its quarterly earnings results on Wednesday, May 15th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. Consolidated Water had a return on equity of 18.02% and a net margin of 17.24%. The firm had revenue of $39.69 million for the quarter, compared to analyst estimates of $38.65 million. On average, sell-side analysts expect that Consolidated Water will post 1.33 EPS for the current year.

Consolidated Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 1st will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Monday, July 1st.

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.