Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Short Interest Update

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 4,890,000 shares, a decrease of 20.5% from the January 15th total of 6,150,000 shares. Based on an average daily trading volume, of 842,100 shares, the days-to-cover ratio is currently 5.8 days. Currently, 0.7% of the shares of the company are short sold.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Up 1.9 %

NYSE:SBS opened at $17.12 on Friday. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1 year low of $13.10 and a 1 year high of $18.36. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. The stock has a fifty day moving average price of $15.21 and a two-hundred day moving average price of $16.11. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 6.74 and a beta of 1.14.

Hedge Funds Weigh In On Companhia de Saneamento Básico do Estado de São Paulo – SABESP

A number of large investors have recently made changes to their positions in SBS. CANADA LIFE ASSURANCE Co grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 359,581 shares of the utilities provider’s stock worth $5,142,000 after buying an additional 22,589 shares during the period. Guggenheim Capital LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter worth approximately $153,000. Renaissance Technologies LLC increased its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 2.0% in the 4th quarter. Renaissance Technologies LLC now owns 1,730,495 shares of the utilities provider’s stock valued at $24,798,000 after purchasing an additional 33,200 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 7.9% during the fourth quarter. Quadrant Capital Group LLC now owns 12,964 shares of the utilities provider’s stock worth $186,000 after purchasing an additional 950 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 188.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 105,648 shares of the utilities provider’s stock worth $1,514,000 after purchasing an additional 69,048 shares in the last quarter. Hedge funds and other institutional investors own 10.62% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a report on Thursday, February 6th.

About Companhia de Saneamento Básico do Estado de São Paulo – SABESP

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.