Short Interest in Consolidated Water Co. Rises By 45.8% (CWCO)
Consolidated Water Co. (NASDAQ:CWCO) was the recipient of a significant increase in short interest in June. As of June 13th, there was short interest totalling 740,517 shares, an increase of 45.8% from the May 30th total of 507,835 shares, ARN reports. Currently, 5.2% of the shares of the stock are sold short. Based on an average daily volume of 199,925 shares, the days-to-cover ratio is presently 3.7 days.
A number of research firms have recently commented on CWCO. Analysts at Brean Capital upgraded shares of Consolidated Water Co. from a “hold” rating to a “buy” rating in a research note on Monday, June 2nd. They now have a $13.00 price target on the stock. Analysts at TheStreet downgraded shares of Consolidated Water Co. from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $14.60.
Shares of Consolidated Water Co. (NASDAQ:CWCO) opened at 12.18 on Wednesday. Consolidated Water Co. has a 1-year low of $9.97 and a 1-year high of $16.87. The stock’s 50-day moving average is $11.05 and its 200-day moving average is $12.40. The company has a market cap of $179.0 million and a price-to-earnings ratio of 32.60.
Consolidated Water Co. (NASDAQ:CWCO) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.05. Analysts expect that Consolidated Water Co. will post $0.30 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Friday, June 27th.
Consolidated Water Co Ltd. develops and operates seawater desalination plants and water distribution systems.
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