Consolidated Water Co. Ltd. (NASDAQ:CWCO) Short Interest Update

Consolidated Water Co. Ltd. (NASDAQ:CWCO - Get Free Report) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 509,400 shares, a decline of 36.5% from the March 31st total of 802,100 shares. Based on an average daily volume of 133,200 shares, the days-to-cover ratio is currently 3.8 days. Currently, 3.4% of the company's stock are sold short.

Consolidated Water Price Performance

Shares of Consolidated Water stock traded up $0.03 during trading on Friday, hitting $23.17. 92,032 shares of the stock were exchanged, compared to its average volume of 111,776. The stock has a market cap of $368.80 million, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 2.44 and a beta of 0.27. The firm's 50-day moving average price is $25.26 and its 200 day moving average price is $25.71. Consolidated Water has a 12-month low of $22.89 and a 12-month high of $30.32.

Consolidated Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.44 annualized dividend and a dividend yield of 1.90%. Consolidated Water's dividend payout ratio is currently 27.16%.

Insider Buying and Selling

In other Consolidated Water news, CEO Frederick W. Mctaggart sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $28.00, for a total transaction of $56,000.00. Following the completion of the transaction, the chief executive officer now owns 271,995 shares in the company, valued at $7,615,860. The trade was a 0.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.87% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Consolidated Water

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in Consolidated Water by 5.1% in the third quarter. Geode Capital Management LLC now owns 423,163 shares of the utilities provider's stock valued at $10,669,000 after purchasing an additional 20,394 shares in the last quarter. Inspire Investing LLC purchased a new position in shares of Consolidated Water in the 4th quarter valued at $849,000. Barclays PLC grew its position in shares of Consolidated Water by 288.8% in the 3rd quarter. Barclays PLC now owns 20,350 shares of the utilities provider's stock valued at $514,000 after buying an additional 15,116 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Consolidated Water by 54.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 299,102 shares of the utilities provider's stock worth $7,540,000 after acquiring an additional 105,711 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Consolidated Water by 23.9% in the fourth quarter. SG Americas Securities LLC now owns 6,479 shares of the utilities provider's stock valued at $168,000 after acquiring an additional 1,251 shares during the last quarter. Institutional investors and hedge funds own 55.16% of the company's stock.

About Consolidated Water

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.