The York Water Company (NASDAQ:YORW) Short Interest Update

The York Water Company (NASDAQ:YORW) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 431,402 shares, a drop of 20.9% from the December 15th total of 545,373 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average trading volume of 78,368 shares, the short-interest ratio is presently 5.5 days. Based on an average trading volume of 78,368 shares, the short-interest ratio is presently 5.5 days. Currently, 3.0% of the company’s stock are sold short.

York Water Stock Performance

YORW traded up $0.14 on Friday, hitting $33.94. 71,163 shares of the company’s stock were exchanged, compared to its average volume of 65,971. The company has a current ratio of 1.15, a quick ratio of 0.95 and a debt-to-equity ratio of 0.95. The stock has a fifty day moving average of $32.52 and a two-hundred day moving average of $31.61. York Water has a twelve month low of $29.68 and a twelve month high of $36.48. The firm has a market cap of $490.09 million, a PE ratio of 24.42 and a beta of 0.73.

York Water (NASDAQ:YORW) last posted its earnings results on Thursday, November 6th. The utilities provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. The company had revenue of $20.36 million during the quarter, compared to analyst estimates of $21.00 million. York Water had a return on equity of 8.56% and a net margin of 26.06%. On average, research analysts anticipate that York Water will post 1.43 earnings per share for the current fiscal year.

York Water Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.228 dividend. This is a boost from York Water’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.7%. York Water’s dividend payout ratio is 65.47%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in York Water by 8.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,476 shares of the utilities provider’s stock worth $398,000 after purchasing an additional 937 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of York Water in the 1st quarter worth $263,000. Jane Street Group LLC bought a new stake in shares of York Water in the 1st quarter worth $498,000. Ballentine Partners LLC acquired a new stake in shares of York Water in the second quarter valued at $229,000. Finally, Inspire Investing LLC boosted its position in shares of York Water by 25.3% during the 2nd quarter. Inspire Investing LLC now owns 12,402 shares of the utilities provider’s stock valued at $392,000 after purchasing an additional 2,504 shares in the last quarter. Institutional investors own 49.86% of the company’s stock.

Analyst Ratings Changes

YORW has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of York Water in a research report on Monday, December 29th. Wall Street Zen raised York Water from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

About York Water

York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.