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United Utilities Group PLC (OTCMKTS:UUGRY) Short Interest Up 16,600.0% in December

kopsource ·  Jan 17, 2023 14:51

United Utilities Group PLC (OTCMKTS:UUGRY – Get Rating) saw a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 16,700 shares, an increase of 16,600.0% from the December 15th total of 100 shares. Based on an average daily volume of 29,600 shares, the short-interest ratio is currently 0.6 days.

United Utilities Group Price Performance

OTCMKTS:UUGRY traded down $0.21 during mid-day trading on Tuesday, hitting $25.46. The company's stock had a trading volume of 3,700 shares, compared to its average volume of 22,268. The business's fifty day moving average is $24.76 and its two-hundred day moving average is $24.09. United Utilities Group has a 1 year low of $18.26 and a 1 year high of $30.72.

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United Utilities Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, February 8th. Shareholders of record on Friday, December 23rd will be issued a $0.335 dividend. The ex-dividend date of this dividend is Thursday, December 22nd. This represents a yield of 3.95%.

Analyst Upgrades and Downgrades

UUGRY has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut United Utilities Group from an "overweight" rating to a "neutral" rating in a research note on Tuesday, December 6th. Royal Bank of Canada decreased their price objective on United Utilities Group from GBX 1,100 ($13.42) to GBX 1,025 ($12.51) in a research note on Tuesday, October 4th. Credit Suisse Group increased their target price on United Utilities Group from GBX 980 ($11.96) to GBX 990 ($12.08) in a research report on Wednesday, November 30th. Finally, Morgan Stanley increased their target price on United Utilities Group from GBX 990 ($12.08) to GBX 1,010 ($12.32) in a research report on Friday, December 2nd.

About United Utilities Group

(Get Rating)

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is also involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 42,000 kilometers of water pipes; and 78,000 km of wastewater pipes.

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