United Utilities Group PLC (OTCMKTS:UUGRY) Short Interest Down 72.3% in May

United Utilities Group PLC (OTCMKTS:UUGRY) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 17,900 shares, a drop of 72.3% from the April 30th total of 64,562 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 57,124 shares, the short-interest ratio is currently 0.3 days.

United Utilities Group Price Performance

Shares of United Utilities Group stock opened at $36.28 on Friday. The company has a quick ratio of 2.21, a current ratio of 2.22 and a debt-to-equity ratio of 5.50. United Utilities Group has a 12 month low of $29.20 and a 12 month high of $40.43. The business has a fifty day simple moving average of $36.23 and a 200 day simple moving average of $34.50.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of United Utilities Group in a research note on Tuesday, May 5th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of United Utilities Group in a research note on Tuesday, May 5th. Citigroup cut United Utilities Group from a “buy” rating to a “neutral” rating in a research note on Friday, May 1st. Kepler Capital Markets cut United Utilities Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, Zacks Research cut United Utilities Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.