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

United Utilities Group PLC (OTCMKTS:UUGRY) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 11,500 shares, a decrease of 29.4% from the November 30th total of 16,300 shares. Based on an average daily volume of 81,800 shares, the short-interest ratio is presently 0.1 days.

United Utilities Group Trading Up -0.2 %

UUGRY opened at $26.45 on Friday. The business’s fifty day simple moving average is $27.42 and its 200 day simple moving average is $26.93. United Utilities Group has a 52 week low of $24.47 and a 52 week high of $29.10. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.32.

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 paid a dividend of $0.4369 per share. The ex-dividend date of this dividend is Friday, November 29th.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Royal Bank of Canada raised United Utilities Group to a “moderate buy” rating in a research note on Wednesday, October 9th. Barclays upgraded shares of United Utilities Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, Citigroup upgraded United Utilities Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th.

About United Utilities Group

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.