Manila Water Company, Inc. (OTCMKTS:MWTCY) Short Interest Up 158.7% in May

Manila Water Company, Inc. (OTCMKTS:MWTCY) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 163 shares, an increase of 158.7% from the May 14th total of 63 shares. Based on an average trading volume of 22 shares, the days-to-cover ratio is presently 7.4 days.

Manila Water Price Performance

Shares of OTCMKTS MWTCY remained flat at C$18.00 during trading on Friday. Manila Water has a 1-year low of C$17.65 and a 1-year high of C$19.13. The business has a 50-day simple moving average of C$17.87 and a 200 day simple moving average of C$17.57.

About Manila Water

Manila Water Company, Inc is a leading water utility operator in the Philippines, primarily engaged in the provision of potable water and wastewater services. Under a long-term concession agreement with the Metropolitan Waterworks and Sewerage System (MWSS), the company supplies water to the East Zone of Metro Manila, drawing raw water from regional sources and managing an integrated network of treatment plants, pumping stations and distribution pipelines.

In addition to core water distribution, Manila Water develops and implements sewerage and sanitation solutions, including the design, construction and operation of sewage treatment facilities.