The Alkaline Water Company Inc. (NASDAQ:WTER – Get Rating) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 382,200 shares, a growth of 113.8% from the March 31st total of 178,800 shares. Based on an average daily volume of 117,500 shares, the short-interest ratio is currently 3.3 days. Approximately 4.0% of the company's stock are short sold.
Institutional Trading of Alkaline Water
Hedge funds and other institutional investors have recently modified their holdings of the company. Guild Investment Management Inc. increased its position in Alkaline Water by 233.2% during the fourth quarter. Guild Investment Management Inc. now owns 321,500 shares of the company's stock worth $56,000 after buying an additional 225,000 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Alkaline Water in the fourth quarter valued at about $57,000. Commonwealth Equity Services LLC grew its position in shares of Alkaline Water by 32.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 412,797 shares of the company's stock valued at $72,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Alkaline Water by 1,186.0% in the fourth quarter. Millennium Management LLC now owns 1,699,134 shares of the company's stock valued at $297,000 after purchasing an additional 1,567,006 shares during the last quarter. 7.10% of the stock is currently owned by hedge funds and other institutional investors.
Get Alkaline Water alerts:Alkaline Water Stock Down 12.5 %
WTER opened at $1.05 on Thursday. The stock has a fifty day moving average of $2.35 and a 200-day moving average of $3.15. The firm has a market capitalization of $10.42 million, a P/E ratio of -0.28 and a beta of 1.79. Alkaline Water has a 12-month low of $1.02 and a 12-month high of $12.15.
Alkaline Water Company Profile
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The Alkaline Water Co, Inc engages in the business of distributing, marketing and selling bottled alkaline water in the United States. It offers retail consumers bottled alkaline water in 1-gallon, 3-liter, 1.5-liter, 1-liter, 700ml, and 500ml sizes under the trade name Alkaline88. The firm also offers retail consumers flavor infused bottled water in the 500-milliliter size in six flavors: Raspberry, Watermelon, Lemon, Lemon Lime, Peach Mango, and Blood Orange.
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