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

United Utilities Group PLC (OTCMKTS:UUGRY) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 38,200 shares, an increase of 208.1% from the October 31st total of 12,400 shares. Based on an average daily trading volume, of 173,300 shares, the days-to-cover ratio is currently 0.2 days.

United Utilities Group Stock Up 1.8 %

UUGRY opened at $28.67 on Friday. 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 1-year low of $24.47 and a 1-year high of $29.68. The firm’s 50 day simple moving average is $27.54 and its two-hundred day simple moving average is $26.86.

United Utilities Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Friday, November 29th will be issued a dividend of $0.4369 per share. The ex-dividend date is Friday, November 29th.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on UUGRY shares. Royal Bank of Canada upgraded shares of United Utilities Group to a “moderate buy” rating in a research note on Wednesday, October 9th. Barclays cut United Utilities Group from a “hold” rating to a “strong sell” rating in a report on Monday, August 5th. Finally, Citigroup raised United Utilities Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th.

United Utilities Group Company Profile

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.