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

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

Insider Buying and Selling at Consolidated Water

In other Consolidated Water news, Director Clarence B. Flowers sold 2,700 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $25.04, for a total transaction of $67,608.00. Following the completion of the sale, the director now directly owns 300,500 shares of the company’s stock, valued at $7,524,520. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.87% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Consolidated Water

Several institutional investors have recently bought and sold shares of CWCO. Invesco Ltd. lifted its position in Consolidated Water by 86.8% during the third quarter. Invesco Ltd. now owns 379,739 shares of the utilities provider’s stock valued at $10,800,000 after purchasing an additional 176,412 shares during the last quarter. Legato Capital Management LLC purchased a new stake in shares of Consolidated Water in the fourth quarter valued at $2,766,000. Wealthstar Advisors LLC raised its stake in shares of Consolidated Water by 102.0% in the fourth quarter. Wealthstar Advisors LLC now owns 34,791 shares of the utilities provider’s stock valued at $1,239,000 after acquiring an additional 17,570 shares during the period. AdvisorNet Financial Inc purchased a new stake in shares of Consolidated Water in the fourth quarter valued at $71,000. Finally, Flputnam Investment Management Co. purchased a new stake in shares of Consolidated Water in the fourth quarter valued at $215,000. Institutional investors own 55.16% of the company’s stock.

Wall Street Analyst Weigh In

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

Consolidated Water Stock Performance

Shares of NASDAQ:CWCO opened at $25.86 on Tuesday. The firm has a fifty day moving average price of $26.51 and a 200 day moving average price 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 earnings results on Wednesday, May 15th. The utilities provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. Consolidated Water had a net margin of 17.24% and a return on equity of 18.02%. The firm had revenue of $39.69 million during the quarter, compared to analyst estimates of $38.65 million. Research analysts expect that Consolidated Water will post 1.33 earnings per share for the current fiscal year.

Consolidated Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 1st will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.38 annualized dividend and a yield of 1.47%.

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.