Short Interest in United Utilities Group PLC (OTCMKTS:UUGRY) Expands By 137.3%

United Utilities Group PLC (OTCMKTS:UUGRY) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 23,359 shares, a growth of 137.3% from the June 15th total of 9,845 shares. Based on an average daily trading volume, of 60,934 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UUGRY. Citigroup cut shares of United Utilities Group from a “buy” rating to a “neutral” rating in a research note on Friday, May 1st. BNP Paribas Exane assumed coverage on shares of United Utilities Group in a research report on Monday, June 29th. They issued an “outperform” rating on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of United Utilities Group in a report 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 equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, United Utilities Group has an average rating of “Moderate Buy”.

United Utilities Group Price Performance

OTCMKTS UUGRY opened at $36.39 on Tuesday. The company’s 50-day simple moving average is $35.79 and its 200 day simple moving average is $35.26. United Utilities Group has a twelve month low of $29.20 and a twelve month high of $40.43.

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.