United Utilities Group PLC (OTCMKTS:UUGRY) Sees Significant Growth in Short Interest

Key Points

• As of July 15th, United Utilities Group PLC has seen a significant increase in short interest, rising by 159.1% from 4,400 shares to 11,400 shares.
• Equity analysts have downgraded the stock, with UBS Group and Royal Bank of Canada both changing their ratings to "hold."
• United Utilities Group announced a dividend of $0.8506 per share, reflecting a substantial increase from the previous $0.44 dividend.

United Utilities Group PLC (OTCMKTS:UUGRY - Get Free Report) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 11,400 shares, anincreaseof159.1% from the June 30th total of 4,400 shares. Based on an average trading volume of 71,500 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 71,500 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UUGRY shares. UBS Group lowered United Utilities Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 29th. Royal Bank Of Canada lowered United Utilities Group from a "moderate buy" rating to a "hold" rating in a research note on Friday, June 20th.

United Utilities Group Trading Up 1.7%

UUGRY opened at $30.27 on Monday. United Utilities Group has a 52 week low of $22.73 and a 52 week high of $32.03. The business's 50 day moving average is $30.75 and its two-hundred day moving average is $28.05. The company has a quick ratio of 1.91, a current ratio of 1.94 and a debt-to-equity ratio of 5.16.

United Utilities Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 23rd will be given a dividend of $0.8506 per share. This represents a yield of 394.0%. This is a positive change from United Utilities Group's previous dividend of $0.44. The ex-dividend date of this dividend is Friday, June 20th.

About United Utilities Group

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 43,000 kilometers of water pipes; and 79,000 kilometers of wastewater pipes.

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