Short Interest in United Utilities Group PLC (OTCMKTS:UUGRY) Decreases By 60.1%

United Utilities Group PLC (OTCMKTS:UUGRY) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 9,845 shares, a decrease of 60.1% from the May 31st total of 24,690 shares. Based on an average trading volume of 122,048 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

United Utilities Group Price Performance

OTCMKTS:UUGRY opened at $34.68 on Monday. United Utilities Group has a fifty-two week low of $29.20 and a fifty-two week high of $40.43. The company’s 50-day simple moving average is $35.96 and its 200-day simple moving average is $34.95. The company has a debt-to-equity ratio of 5.50, a quick ratio of 2.21 and a current ratio of 2.22.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UUGRY. Citigroup cut shares of United Utilities Group from a “buy” rating to a “neutral” rating in a report on Friday, May 1st. BNP Paribas Exane started coverage on shares of United Utilities Group in a research report on Monday. They issued an “outperform” rating for the company. Royal Bank Of Canada reiterated a “sector perform” rating on shares of United Utilities Group in a research note on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of United Utilities Group in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

United Utilities Group Company Profile

United Utilities Group (OTCMKTS:UUGRY) is a leading regulated water and wastewater services provider in the United Kingdom, serving more than seven million residents and businesses across North West England. Headquartered in Warrington, the company manages an integrated network of treatment works, reservoirs, pumping stations and more than 26,000 kilometres of water mains. Through its regulated arm, it supplies potable water and collects, transports and treats wastewater, ensuring compliance with environmental and public health standards set by Ofwat and the Environment Agency.

In addition to its core water and wastewater operations, United Utilities has expanded into related services including flood risk management, environmental consultancy and renewable energy generation.