Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Short Interest Up 96.5% in January

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 3,813,814 shares, a growth of 96.5% from the January 15th total of 1,940,905 shares. Based on an average daily trading volume, of 1,430,530 shares, the days-to-cover ratio is currently 2.7 days. Approximately 0.5% of the company’s stock are short sold. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 1,430,530 shares, the days-to-cover ratio is currently 2.7 days.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Price Performance

Shares of NYSE:SBS traded down $0.06 during trading on Friday, reaching $29.27. 1,107,329 shares of the company traded hands, compared to its average volume of 1,361,645. The firm has a market capitalization of $20.59 billion, a PE ratio of 16.20, a PEG ratio of 4.46 and a beta of 0.78. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52 week low of $15.70 and a 52 week high of $29.98. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average is $25.45 and its two-hundred day moving average is $24.31.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, December 29th will be paid a dividend of $0.4772 per share. The ex-dividend date is Monday, December 29th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio is presently 40.33%.

Analyst Upgrades and Downgrades

SBS has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Institutional Trading of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the fourth quarter valued at approximately $54,000. EverSource Wealth Advisors LLC lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 1,666 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 373.6% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 3,159 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 2,492 shares in the last quarter. CWM LLC increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 82.9% in the 3rd quarter. CWM LLC now owns 4,180 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 1,895 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 856.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 5,041 shares of the utilities provider’s stock worth $111,000 after buying an additional 4,514 shares in the last quarter. Institutional investors own 10.62% of the company’s stock.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.