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

United Utilities Group PLC (OTCMKTS:UUGRY) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 12,400 shares, a decline of 81.4% from the October 15th total of 66,800 shares. Based on an average daily trading volume, of 206,900 shares, the days-to-cover ratio is currently 0.1 days.

United Utilities Group Stock Performance

Shares of UUGRY traded up $0.37 during mid-day trading on Tuesday, reaching $27.39. The company’s stock had a trading volume of 28,532 shares, compared to its average volume of 79,272. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.32. United Utilities Group has a 12-month low of $24.47 and a 12-month high of $29.68. The company’s 50 day moving average is $27.54 and its 200 day moving average is $26.79.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Royal Bank of Canada raised shares of United Utilities Group to a “moderate buy” rating in a report on Wednesday, October 9th. Barclays downgraded shares of United Utilities Group from a “hold” rating to a “strong sell” rating in a research report on Monday, August 5th. Finally, Citigroup raised shares of United Utilities Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th.

About United Utilities Group

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 43,000 kilometers of water pipes; and 79,000 kilometers of wastewater pipes.