United Utilities Group PLC (OTCMKTS:UUGRY – Get Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 23,290 shares, a decline of 35.7% from the August 15th total of 36,218 shares. Based on an average trading volume of 33,306 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the shares of the stock are short sold.
United Utilities Group Stock Down 0.5%
UUGRY stock opened at $36.33 on Thursday. United Utilities Group has a fifty-two week low of $29.68 and a fifty-two week high of $40.43. The business has a fifty day moving average price of $37.36 and a 200 day moving average price of $36.38.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. BNP Paribas Exane assumed coverage on shares of United Utilities Group in a research note on Monday, June 29th. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of United Utilities Group in a report on Monday, June 8th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.
About United Utilities Group
United Utilities Group plc is a water and wastewater services company based in the United Kingdom. Through its regulated operating business, United Utilities Water Limited, the company provides clean drinking water, wastewater collection and treatment, and related infrastructure services.
The company serves customers across northwest England, including the counties of Cumbria, Lancashire, Greater Manchester, Merseyside and parts of Cheshire and Derbyshire. Its operations include managing reservoirs, water treatment works, distribution networks, sewage systems and wastewater treatment facilities, as well as maintaining and upgrading the infrastructure required to support these services.
United Utilities Group was created in 1995 through the merger of North West Water and Norweb.
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