Pure Cycle Co. (NASDAQ:PCYO) Short Interest Down 15.2% in February

Pure Cycle Co. (NASDAQ:PCYO) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 192,600 shares, a decline of 15.2% from the February 13th total of 227,000 shares. Based on an average trading volume of 42,100 shares, the short-interest ratio is presently 4.6 days. Currently, 0.8% of the shares of the stock are short sold.

Institutional Investors Weigh In On Pure Cycle

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC acquired a new position in Pure Cycle during the 4th quarter worth about $166,000. Deutsche Bank AG acquired a new position in Pure Cycle during the 4th quarter worth about $126,000. D. E. Shaw & Co. Inc. lifted its holdings in Pure Cycle by 87.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 27,218 shares of the utilities provider’s stock worth $345,000 after buying an additional 12,670 shares during the period. Bank of America Corp DE lifted its holdings in Pure Cycle by 42.4% during the 4th quarter. Bank of America Corp DE now owns 25,511 shares of the utilities provider’s stock worth $323,000 after buying an additional 7,593 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Pure Cycle by 87.0% during the 4th quarter. BNP Paribas Financial Markets now owns 8,832 shares of the utilities provider’s stock worth $112,000 after buying an additional 4,110 shares during the period. Institutional investors own 51.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Pure Cycle from a “buy” rating to a “hold” rating in a report on Friday, January 10th.

Pure Cycle Trading Down 1.2 %

Shares of PCYO opened at $10.61 on Wednesday. Pure Cycle has a 52-week low of $8.94 and a 52-week high of $14.63. The business’s fifty day moving average is $11.45 and its 200-day moving average is $11.71. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.09 and a current ratio of 3.56. The firm has a market cap of $255.46 million, a price-to-earnings ratio of 19.29 and a beta of 1.05.

Pure Cycle (NASDAQ:PCYO) last issued its quarterly earnings data on Wednesday, January 8th. The utilities provider reported $0.16 earnings per share for the quarter. Pure Cycle had a return on equity of 10.54% and a net margin of 46.32%.

About Pure Cycle

Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of 930-acre master-planned community; oil and gas leasing business; and construction and leasing of single-family homes.