Consolidated Water Co. Ltd. (NASDAQ:CWCO) Short Interest Update

Consolidated Water Co. Ltd. (NASDAQ:CWCO) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 676,100 shares, a decline of 8.0% from the September 30th total of 735,000 shares. Approximately 4.5% of the company’s shares are sold short. Based on an average daily volume of 95,400 shares, the short-interest ratio is presently 7.1 days.

Institutional Trading of Consolidated Water

Hedge funds have recently added to or reduced their stakes in the business. Farrow Financial Inc. grew its position in shares of Consolidated Water by 7.6% in the 3rd quarter. Farrow Financial Inc. now owns 97,510 shares of the utilities provider’s stock valued at $2,458,000 after purchasing an additional 6,874 shares during the period. Stanley Laman Group Ltd. acquired a new position in shares of Consolidated Water in the third quarter valued at approximately $53,000. Copeland Capital Management LLC bought a new stake in shares of Consolidated Water during the third quarter worth $48,000. nVerses Capital LLC acquired a new stake in shares of Consolidated Water during the third quarter worth $33,000. Finally, Diversified Trust Co bought a new stake in Consolidated Water in the 3rd quarter valued at $309,000. Institutional investors and hedge funds own 55.16% of the company’s stock.

Consolidated Water Stock Performance

CWCO traded down $0.25 during midday trading on Thursday, reaching $23.76. 73,582 shares of the company were exchanged, compared to its average volume of 121,827. The stock has a market capitalization of $376.22 million, a P/E ratio of 16.16, a PEG ratio of 2.47 and a beta of 0.16. Consolidated Water has a one year low of $23.70 and a one year high of $38.29. The stock’s 50-day simple moving average is $25.64 and its 200 day simple moving average is $26.27.

Consolidated Water (NASDAQ:CWCO) last released its quarterly earnings data on Wednesday, August 14th. The utilities provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.08). Consolidated Water had a return on equity of 15.49% and a net margin of 23.26%. The firm had revenue of $32.48 million for the quarter, compared to the consensus estimate of $37.12 million. On average, research analysts anticipate that Consolidated Water will post 1.25 earnings per share for the current year.

Consolidated Water Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 1st will be given a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.85%. This is a boost from Consolidated Water’s previous quarterly dividend of $0.10. Consolidated Water’s dividend payout ratio is currently 29.93%.

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.