Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Sees Significant Increase in Short Interest

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBSGet Rating) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 6,990,000 shares, an increase of 146.1% from the March 31st total of 2,840,000 shares. Based on an average trading volume of 2,820,000 shares, the short-interest ratio is currently 2.5 days. Currently, 1.0% of the company’s shares are sold short.

Institutional investors and hedge funds have recently modified their holdings of the company. OLD Mission Capital LLC bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the third quarter worth about $240,000. Morgan Stanley raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 212.2% during the 2nd quarter. Morgan Stanley now owns 188,795 shares of the utilities provider’s stock worth $1,398,000 after purchasing an additional 128,325 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.4% in the 3rd quarter. Mackenzie Financial Corp now owns 5,962,758 shares of the utilities provider’s stock valued at $42,216,000 after buying an additional 514,763 shares during the last quarter. BlackRock Inc. grew its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 2.7% in the third quarter. BlackRock Inc. now owns 5,562,762 shares of the utilities provider’s stock valued at $39,385,000 after buying an additional 147,851 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.1% during the third quarter. Alliancebernstein L.P. now owns 213,207 shares of the utilities provider’s stock worth $1,510,000 after buying an additional 12,250 shares during the last quarter. 13.23% of the stock is owned by institutional investors.

SBS opened at $9.33 on Friday. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 15.05 and a beta of 1.02. The business’s 50-day moving average price is $9.28 and its two-hundred day moving average price is $7.62. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1 year low of $5.76 and a 1 year high of $11.22. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.25.

The company also recently announced an annual dividend, which will be paid on Thursday, July 7th. Shareholders of record on Monday, May 2nd will be paid a $0.188 dividend. This is a boost from Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s previous annual dividend of $0.07. The ex-dividend date is Friday, April 29th. This represents a yield of 1.75%. Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s payout ratio is presently 9.68%.

A number of equities research analysts have recently commented on SBS shares. Morgan Stanley raised Companhia de Saneamento Básico do Estado de São Paulo – SABESP from an “equal weight” rating to an “overweight” rating in a research report on Thursday, March 17th. StockNews.com assumed coverage on shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in a research report on Thursday, March 31st. They set a “hold” rating for the company.

About Companhia de Saneamento Básico do Estado de São Paulo – SABESP (Get Rating)

Companhia de Saneamento Básico do Estado de São Paulo – SABESP provides water and sewage services to residential, commercial, industrial, and governmental customers. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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