Short Interest in United Utilities Group PLC (OTCMKTS:UUGRY) Declines By 29.4%

United Utilities Group PLC (OTCMKTS:UUGRY) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 11,500 shares, a drop of 29.4% from the November 30th total of 16,300 shares. Based on an average trading volume of 81,800 shares, the days-to-cover ratio is presently 0.1 days.

United Utilities Group Trading Up -0.2 %

United Utilities Group stock opened at $26.45 on Monday. United Utilities Group has a fifty-two week low of $24.47 and a fifty-two week high of $29.10. The company has a 50 day moving average price of $27.38 and a 200-day moving average price of $26.94. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.32.

United Utilities Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Friday, November 29th will be given a $0.4369 dividend. The ex-dividend date of this dividend is Friday, November 29th.

Wall Street Analyst Weigh In

UUGRY has been the topic of several recent research reports. Royal Bank of Canada raised shares of United Utilities Group to a “moderate buy” rating in a report on Wednesday, October 9th. Citigroup raised shares of United Utilities Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, Barclays raised shares of United Utilities Group from a “strong sell” rating to a “hold” rating in a report on Thursday, December 12th.

United Utilities Group Company Profile

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 43,000 kilometers of water pipes; and 79,000 kilometers of wastewater pipes.