Short Interest in United Utilities Group PLC (OTCMKTS:UUGRY) Decreases By 60.1%

United Utilities Group PLC (OTCMKTS:UUGRY) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 9,845 shares, a decrease of 60.1% from the May 31st total of 24,690 shares. Based on an average daily volume of 122,048 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UUGRY. Citigroup downgraded United Utilities Group from a “buy” rating to a “neutral” rating in a research note on Friday, May 1st. BNP Paribas Exane started coverage on United Utilities Group in a research note on Monday. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of United Utilities Group in a report on Monday, June 8th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of United Utilities Group in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

United Utilities Group Stock Performance

UUGRY opened at $34.68 on Wednesday. United Utilities Group has a 1-year low of $29.20 and a 1-year high of $40.43. The company’s fifty day moving average price is $35.89 and its two-hundred day moving average price is $35.00. The company has a debt-to-equity ratio of 5.50, a quick ratio of 2.21 and a current ratio of 2.22.

United Utilities Group Company Profile

United Utilities Group (OTCMKTS:UUGRY) is a leading regulated water and wastewater services provider in the United Kingdom, serving more than seven million residents and businesses across North West England. Headquartered in Warrington, the company manages an integrated network of treatment works, reservoirs, pumping stations and more than 26,000 kilometres of water mains. Through its regulated arm, it supplies potable water and collects, transports and treats wastewater, ensuring compliance with environmental and public health standards set by Ofwat and the Environment Agency.

In addition to its core water and wastewater operations, United Utilities has expanded into related services including flood risk management, environmental consultancy and renewable energy generation.