Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Short Interest Update

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 4,890,000 shares, a drop of 20.5% from the January 15th total of 6,150,000 shares. Based on an average daily trading volume, of 842,100 shares, the short-interest ratio is currently 5.8 days. Approximately 0.7% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com upgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th.

Institutional Trading of Companhia de Saneamento Básico do Estado de São Paulo – SABESP

A number of large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter valued at $26,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the third quarter worth about $45,000. Advisors Asset Management Inc. increased its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 911 shares during the period. J.Safra Asset Management Corp purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter valued at approximately $54,000. Finally, R Squared Ltd acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth approximately $66,000. 10.62% of the stock is owned by institutional investors and hedge funds.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Up 1.9 %

NYSE SBS opened at $17.12 on Friday. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12 month low of $13.10 and a 12 month high of $18.36. The company has a market capitalization of $11.70 billion, a price-to-earnings ratio of 6.74 and a beta of 1.14. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. The firm’s fifty day moving average price is $15.21 and its 200 day moving average price is $16.11.

About Companhia de Saneamento Básico do Estado de São Paulo – SABESP

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.