Pure Cycle Co. (NASDAQ:PCYO) Short Interest Down 15.2% in February

Pure Cycle Co. (NASDAQ:PCYO) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 192,600 shares, a decline of 15.2% from the February 13th total of 227,000 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 42,100 shares, the short-interest ratio is currently 4.6 days.

Pure Cycle Trading Down 1.4 %

Shares of PCYO stock opened at $10.63 on Friday. Pure Cycle has a 1 year low of $8.94 and a 1 year high of $14.63. The firm has a fifty day moving average price of $11.40 and a 200-day moving average price of $11.69. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.56 and a quick ratio of 3.09. The company has a market cap of $255.94 million, a price-to-earnings ratio of 19.33 and a beta of 1.05.

Pure Cycle (NASDAQ:PCYO) last issued its quarterly earnings data on Wednesday, January 8th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter. Pure Cycle had a net margin of 46.32% and a return on equity of 10.54%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Pure Cycle from a “buy” rating to a “hold” rating in a research report on Friday, January 10th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Pure Cycle during the 4th quarter valued at $110,000. BNP Paribas Financial Markets lifted its stake in shares of Pure Cycle by 87.0% during the 4th quarter. BNP Paribas Financial Markets now owns 8,832 shares of the utilities provider’s stock valued at $112,000 after buying an additional 4,110 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of Pure Cycle during the 4th quarter valued at $126,000. Linden Thomas Advisory Services LLC purchased a new position in shares of Pure Cycle during the 4th quarter valued at $148,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Pure Cycle by 58.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,359 shares of the utilities provider’s stock valued at $155,000 after buying an additional 5,305 shares in the last quarter. Hedge funds and other institutional investors own 51.39% of the company’s stock.

About Pure Cycle

Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of 930-acre master-planned community; oil and gas leasing business; and construction and leasing of single-family homes.