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

United Utilities Group PLC (OTCMKTS:UUGRY) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 51,872 shares, a growth of 100.8% from the September 15th total of 25,839 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 44,568 shares, the days-to-cover ratio is currently 1.2 days.

United Utilities Group Stock Performance

United Utilities Group stock opened at $38.09 on Thursday. The business has a fifty day moving average of $37.63 and a two-hundred day moving average of $36.65. United Utilities Group has a twelve month low of $30.25 and a twelve month high of $40.43.

Analyst Ratings Changes

Separately, BNP Paribas Exane started coverage on shares of United Utilities Group in a research note on Monday, June 29th. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

United Utilities Group Company Profile

United Utilities Group plc is a regulated water and wastewater company serving customers across the North West of England. Through its operating subsidiary, United Utilities Water Limited, the company manages the collection, treatment and supply of drinking water, as well as the collection, treatment and disposal of wastewater.

The company operates an extensive network of reservoirs, treatment works, pumping stations, water mains and sewers. Its activities also include maintaining and upgrading water and wastewater infrastructure, improving environmental performance, managing water resources and supporting customer services for households and businesses.

United Utilities was formed in 1995 through the merger of North West Water and NORWEB.