Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Sees Large Increase in Short Interest

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,910,000 shares, an increase of 25.7% from the September 15th total of 1,520,000 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 1,220,000 shares, the days-to-cover ratio is currently 1.6 days.

Hedge funds have recently modified their holdings of the stock. Comerica Bank raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 3.3% during the second quarter. Comerica Bank now owns 35,636 shares of the utilities provider’s stock worth $436,000 after acquiring an additional 1,130 shares during the last quarter. Two Sigma Advisers LP increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 0.8% in the second quarter. Two Sigma Advisers LP now owns 429,400 shares of the utilities provider’s stock valued at $4,513,000 after purchasing an additional 3,200 shares during the last quarter. Private Advisor Group LLC bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the second quarter valued at about $38,000. Captrust Financial Advisors bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the second quarter valued at about $49,000. Finally, Profund Advisors LLC increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 26.8% in the second quarter. Profund Advisors LLC now owns 22,274 shares of the utilities provider’s stock valued at $234,000 after purchasing an additional 4,703 shares during the last quarter. 11.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock traded down $0.19 during trading on Friday, hitting $7.99. 1,050,237 shares of the stock traded hands, compared to its average volume of 1,554,115. The stock has a market cap of $5.46 billion, a P/E ratio of 9.18 and a beta of 0.94. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.88 and a current ratio of 0.90. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a twelve month low of $5.54 and a twelve month high of $15.40. The company has a fifty day moving average price of $8.66 and a two-hundred day moving average price of $9.22.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last announced its quarterly earnings results on Monday, August 17th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $826.67 million during the quarter. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a return on equity of 20.46% and a net margin of 13.97%.

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

Companhia de Saneamento Básico do Estado de São Paulo – SABESP provides water and sewage services to residential, commercial, industrial, and governmental customers. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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