Aris Water Solutions, Inc. (NYSE:ARIS) Short Interest Up 23.1% in May

Aris Water Solutions, Inc. (NYSE:ARISGet Rating) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 770,200 shares, an increase of 23.1% from the May 15th total of 625,500 shares. Based on an average trading volume of 296,900 shares, the days-to-cover ratio is currently 2.6 days. Approximately 3.9% of the company’s shares are sold short.

Separately, Capital One Financial raised Aris Water Solutions from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 25th.

Shares of ARIS stock opened at $18.75 on Friday. The stock has a 50 day simple moving average of $18.42 and a two-hundred day simple moving average of $15.72. Aris Water Solutions has a fifty-two week low of $10.06 and a fifty-two week high of $22.00.

Aris Water Solutions (NYSE:ARISGet Rating) last issued its earnings results on Monday, May 9th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.50. The business had revenue of $70.97 million during the quarter, compared to the consensus estimate of $66.87 million.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Thursday, May 19th were issued a $0.09 dividend. The ex-dividend date was Wednesday, May 18th. This represents a $0.36 dividend on an annualized basis and a yield of 1.92%.

About Aris Water Solutions (Get Rating)

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.

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