Short Interest in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Rises By 96.5%

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 3,813,814 shares, an increase of 96.5% from the January 15th total of 1,940,905 shares. Based on an average trading volume of 1,430,530 shares, the short-interest ratio is currently 2.7 days. Currently, 0.5% of the shares of the company are short sold. Currently, 0.5% of the shares of the company are short sold. Based on an average trading volume of 1,430,530 shares, the short-interest ratio is currently 2.7 days.

Institutional Investors Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 349.0% during the 1st quarter. Jane Street Group LLC now owns 152,113 shares of the utilities provider’s stock worth $2,717,000 after buying an additional 118,237 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the second quarter worth about $243,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 39.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,854 shares of the utilities provider’s stock worth $612,000 after acquiring an additional 7,823 shares during the last quarter. Yousif Capital Management LLC boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.4% in the 2nd quarter. Yousif Capital Management LLC now owns 11,115 shares of the utilities provider’s stock valued at $244,000 after purchasing an additional 565 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 12,837 shares of the utilities provider’s stock valued at $282,000 after purchasing an additional 616 shares during the last quarter. 10.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SBS has been the subject of several research reports. Zacks Research raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp currently has an average rating of “Moderate Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 1.0%

Shares of NYSE SBS opened at $29.30 on Friday. The stock has a market capitalization of $20.62 billion, a P/E ratio of 16.22, a PEG ratio of 4.50 and a beta of 0.78. The stock’s fifty day moving average is $25.36 and its 200 day moving average is $24.20. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52 week low of $15.70 and a 52 week high of $29.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 1.17.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.27. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 22.32% and a return on equity of 16.08%. The firm had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $1.07 billion. Sell-side analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current fiscal year.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Announces Dividend

The company also recently declared a special dividend, which will be paid on Monday, May 11th. Investors of record on Monday, December 29th will be given a dividend of $0.4772 per share. The ex-dividend date is Monday, December 29th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio (DPR) is currently 40.33%.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.