Consolidated Water Co. Ltd. (NASDAQ:CWCO) Short Interest Down 36.5% in April

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

Consolidated Water Trading Down 0.4 %

CWCO traded down $0.10 during trading hours on Thursday, hitting $23.14. The company's stock had a trading volume of 110,507 shares, compared to its average volume of 111,700. The business's 50-day moving average price is $25.43 and its 200-day moving average price is $25.75. Consolidated Water has a 12 month low of $22.90 and a 12 month high of $30.32. The stock has a market cap of $368.32 million, a price-to-earnings ratio of 14.28, a P/E/G ratio of 2.44 and a beta of 0.27.

Consolidated Water Dividend Announcement

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

Insider Activity

In related news, CEO Frederick W. Mctaggart sold 2,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $28.00, for a total value of $56,000.00. Following the sale, the chief executive officer now owns 271,995 shares in the company, valued at approximately $7,615,860. The trade was a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.87% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in Consolidated Water by 1.6% during the fourth quarter. Franklin Resources Inc. now owns 30,327 shares of the utilities provider's stock worth $785,000 after buying an additional 467 shares during the period. Byrne Asset Management LLC boosted its stake in Consolidated Water by 59.3% during the fourth quarter. Byrne Asset Management LLC now owns 1,720 shares of the utilities provider's stock worth $45,000 after buying an additional 640 shares during the period. Copeland Capital Management LLC boosted its stake in Consolidated Water by 37.4% during the fourth quarter. Copeland Capital Management LLC now owns 2,634 shares of the utilities provider's stock worth $68,000 after buying an additional 717 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Consolidated Water by 7.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,620 shares of the utilities provider's stock worth $301,000 after buying an additional 764 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Consolidated Water by 13.0% during the fourth quarter. Russell Investments Group Ltd. now owns 6,905 shares of the utilities provider's stock worth $179,000 after buying an additional 794 shares during the period. 55.16% of the stock is owned by hedge funds and other institutional investors.

Consolidated Water Company Profile

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.