Manila Water Company, Inc. (OTCMKTS:MWTCY) Shares Shorted: Short Interest Up 317.5% in October

Manila Water Company, Inc. (OTCMKTS:MWTCY) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 263 shares, a growth of 317.5% from the October 15th total of 63 shares. Based on an average daily trading volume, of 94 shares, the days-to-cover ratio is presently 2.8 days.

Manila Water Price Performance

Shares of MWTCY stock remained flat at C$12.47 on Friday. The business has a 50-day moving average of C$13.72 and a 200 day moving average of C$16.14. Manila Water has a 1 year low of C$12.47 and a 1 year high of C$19.13.

About Manila Water

Manila Water Company, Inc. is a Philippine water and wastewater utility. It provides water sourcing, treatment and distribution, along with sewerage and sanitation services. The company became the concessionaire for the East Zone of Metro Manila in 1997 under an agreement with the Metropolitan Waterworks and Sewerage System. Its service area includes parts of Metro Manila and Rizal province. In addition to its core utility operations, Manila Water has pursued water and wastewater projects in other parts of the Philippines and in international markets.