Consolidated Water Co. Ltd. (NASDAQ:CWCO) Short Interest Down 9.4% in April

Consolidated Water Co. Ltd. (NASDAQ:CWCO) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 498,100 shares, a decline of 9.4% from the March 31st total of 549,800 shares. Currently, 3.4% of the shares of the stock are short sold. Based on an average trading volume of 155,400 shares, the short-interest ratio is currently 3.2 days.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Consolidated Water from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th.

Consolidated Water Stock Performance

Shares of NASDAQ:CWCO traded up $0.15 during midday trading on Monday, hitting $25.37. 103,966 shares of the stock were exchanged, compared to its average volume of 143,901. The business’s 50-day moving average price is $27.59 and its 200 day moving average price is $31.04. Consolidated Water has a 12 month low of $16.50 and a 12 month high of $38.29.

Consolidated Water Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 1st will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Thursday, March 28th.

Institutional Trading of Consolidated Water

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legato Capital Management LLC acquired a new position in shares of Consolidated Water in the fourth quarter worth approximately $2,766,000. Aviva PLC acquired a new position in shares of Consolidated Water in the third quarter worth approximately $587,000. Allspring Global Investments Holdings LLC acquired a new position in Consolidated Water in the third quarter valued at approximately $1,486,000. AdvisorNet Financial Inc acquired a new position in Consolidated Water in the fourth quarter valued at approximately $71,000. Finally, MRP Capital Investments LLC lifted its stake in Consolidated Water by 260.3% in the third quarter. MRP Capital Investments LLC now owns 65,580 shares of the utilities provider’s stock valued at $1,865,000 after buying an additional 47,380 shares during the period. 55.16% of the stock is currently owned by institutional investors.

Consolidated Water Company Profile

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.