United Utilities Group PLC (OTCMKTS:UUGRY – Get Rating) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 4,600 shares, a growth of 119.0% from the January 31st total of 2,100 shares. Based on an average daily trading volume, of 13,600 shares, the days-to-cover ratio is presently 0.3 days.
Analyst Upgrades and Downgrades
UUGRY has been the topic of a number of recent analyst reports. Morgan Stanley upped their target price on shares of United Utilities Group from GBX 990 ($11.95) to GBX 1,010 ($12.19) in a research report on Friday, December 2nd. Credit Suisse Group boosted their price target on shares of United Utilities Group from GBX 980 ($11.83) to GBX 990 ($11.95) in a research note on Wednesday, November 30th. Finally, JPMorgan Chase & Co. lowered shares of United Utilities Group from an "overweight" rating to a "neutral" rating in a research note on Tuesday, December 6th.
Get United Utilities Group alerts:United Utilities Group Stock Up 0.5 %
Shares of OTCMKTS UUGRY opened at $23.90 on Friday. The stock has a fifty day moving average price of $25.33 and a 200 day moving average price of $24.02. United Utilities Group has a 1-year low of $18.26 and a 1-year high of $30.72.
United Utilities Group Cuts Dividend
The company also recently declared a dividend, which was paid on Wednesday, February 8th. Stockholders of record on Friday, December 23rd were given a $0.335 dividend. This represents a dividend yield of 3.95%. The ex-dividend date was Thursday, December 22nd.
About United Utilities Group
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United Utilities Group Plc engages in the provision of water and wastewater services. It manages large areas of catchment land in a sustainable way and rely on watercourses where return wastewater safely and cleanly to the environment, and process bio resources from wastewater to generate renewable energy.
Further Reading
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