United Utilities Group PLC (OTCMKTS:UUGRY) Short Interest Up 271.1% in October

United Utilities Group PLC (OTCMKTS:UUGRY) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 66,800 shares, an increase of 271.1% from the September 30th total of 18,000 shares. Based on an average daily trading volume, of 119,800 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UUGRY. Barclays lowered shares of United Utilities Group from a “hold” rating to a “strong sell” rating in a research report on Monday, August 5th. Royal Bank of Canada upgraded United Utilities Group to a “moderate buy” rating in a research note on Wednesday, October 9th.

United Utilities Group Stock Performance

United Utilities Group stock traded down $0.41 during mid-day trading on Friday, hitting $27.30. 114,263 shares of the company were exchanged, compared to its average volume of 78,793. The business has a fifty day moving average of $27.35 and a 200 day moving average of $26.66. United Utilities Group has a 1-year low of $24.47 and a 1-year high of $29.68. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.14 and a current ratio of 0.14.

About United Utilities Group

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.