Short Interest in United Utilities Group PLC (OTCMKTS:UUGRY) Grows By 148.7%

United Utilities Group PLC (OTCMKTS:UUGRY) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 28,600 shares, an increase of 148.7% from the December 31st total of 11,500 shares. Based on an average daily volume of 101,400 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

UUGRY has been the subject of several research analyst reports. Royal Bank of Canada upgraded shares of United Utilities Group to a “moderate buy” rating in a report on Wednesday, October 9th. Citigroup upgraded shares of United Utilities Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, Barclays raised shares of United Utilities Group from a “strong sell” rating to a “hold” rating in a report on Thursday, December 12th.

United Utilities Group Price Performance

OTCMKTS:UUGRY traded down $0.02 during trading hours on Wednesday, hitting $24.41. 55,380 shares of the stock traded hands, compared to its average volume of 92,873. The stock has a 50 day moving average price of $26.29 and a 200 day moving average price of $26.73. United Utilities Group has a 1 year low of $22.73 and a 1 year high of $29.10.

United Utilities Group Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, January 21st. Investors of record on Friday, November 29th were paid a dividend of $0.4369 per share. The ex-dividend date was Friday, November 29th.

United Utilities Group Company Profile

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 43,000 kilometers of water pipes; and 79,000 kilometers of wastewater pipes.