Short Interest in Consolidated Water Co. Ltd. (NASDAQ:CWCO) Decreases By 8.0%

Consolidated Water Co. Ltd. (NASDAQ:CWCO) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 676,100 shares, a drop of 8.0% from the September 30th total of 735,000 shares. Based on an average daily volume of 95,400 shares, the short-interest ratio is presently 7.1 days. Approximately 4.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Precision Wealth Strategies LLC raised its holdings in shares of Consolidated Water by 8.6% during the first quarter. Precision Wealth Strategies LLC now owns 6,912 shares of the utilities provider’s stock worth $203,000 after acquiring an additional 547 shares during the period. Farrow Financial Inc. raised its stake in shares of Consolidated Water by 0.7% in the 2nd quarter. Farrow Financial Inc. now owns 90,636 shares of the utilities provider’s stock valued at $2,405,000 after purchasing an additional 602 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Consolidated Water by 0.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 68,701 shares of the utilities provider’s stock valued at $1,823,000 after purchasing an additional 643 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Consolidated Water during the second quarter worth about $27,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Consolidated Water by 25.6% during the first quarter. Russell Investments Group Ltd. now owns 5,050 shares of the utilities provider’s stock worth $148,000 after buying an additional 1,029 shares in the last quarter. Institutional investors own 55.16% of the company’s stock.

Consolidated Water Price Performance

Shares of NASDAQ CWCO traded down $0.25 during midday trading on Thursday, reaching $23.76. 73,582 shares of the stock were exchanged, compared to its average volume of 121,827. Consolidated Water has a 12 month low of $23.70 and a 12 month high of $38.29. The business has a 50-day simple moving average of $25.64 and a two-hundred day simple moving average of $26.27. The company has a market capitalization of $376.22 million, a price-to-earnings ratio of 16.16, a P/E/G ratio of 2.47 and a beta of 0.16.

Consolidated Water (NASDAQ:CWCO) last posted its earnings results on Wednesday, August 14th. The utilities provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.08). The business had revenue of $32.48 million during the quarter, compared to analyst estimates of $37.12 million. Consolidated Water had a net margin of 23.26% and a return on equity of 15.49%. Equities research analysts expect that Consolidated Water will post 1.25 earnings per share for the current fiscal year.

Consolidated Water Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 1st will be issued a dividend of $0.11 per share. This is an increase from Consolidated Water’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.85%. The ex-dividend date is Tuesday, October 1st. Consolidated Water’s dividend payout ratio (DPR) is 29.93%.

Consolidated Water Company Profile

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.