United Utilities Group PLC (OTCMKTS:UUGRY) Sees Significant Increase in Short Interest

United Utilities Group PLC (OTCMKTS:UUGRY) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 23,359 shares, a growth of 137.3% from the June 15th total of 9,845 shares. Based on an average daily trading volume, of 60,934 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

United Utilities Group Price Performance

United Utilities Group stock opened at $36.55 on Wednesday. The firm has a 50-day moving average of $35.75 and a two-hundred day moving average of $35.29. United Utilities Group has a 1 year low of $29.20 and a 1 year high of $40.43.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Citigroup downgraded United Utilities Group from a “buy” rating to a “neutral” rating in a report on Friday, May 1st. BNP Paribas Exane initiated coverage on United Utilities Group in a report on Monday, June 29th. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of United Utilities Group in a research report on Monday, June 8th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of United Utilities Group in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

About United Utilities Group

United Utilities Group (OTCMKTS:UUGRY) is a leading regulated water and wastewater services provider in the United Kingdom, serving more than seven million residents and businesses across North West England. Headquartered in Warrington, the company manages an integrated network of treatment works, reservoirs, pumping stations and more than 26,000 kilometres of water mains. Through its regulated arm, it supplies potable water and collects, transports and treats wastewater, ensuring compliance with environmental and public health standards set by Ofwat and the Environment Agency.

In addition to its core water and wastewater operations, United Utilities has expanded into related services including flood risk management, environmental consultancy and renewable energy generation.