The Alkaline Water Company Inc. (NASDAQ:WTER – Get Rating) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 1,290,000 shares, a decrease of 27.9% from the August 15th total of 1,790,000 shares. Based on an average daily trading volume, of 679,300 shares, the short-interest ratio is currently 1.9 days.
Alkaline Water Trading Down 7.3 %
Shares of WTER stock opened at $0.46 on Friday. Alkaline Water has a 12 month low of $0.33 and a 12 month high of $1.84. The stock has a market cap of $65.30 million, a P/E ratio of -1.24 and a beta of 1.83. The company has a 50 day simple moving average of $0.50 and a two-hundred day simple moving average of $0.46.
Alkaline Water (NASDAQ:WTER – Get Rating) last announced its earnings results on Thursday, July 14th. The company reported ($0.10) EPS for the quarter. The business had revenue of $16.12 million for the quarter. Alkaline Water had a negative net margin of 62.56% and a negative return on equity of 616.70%. As a group, equities analysts forecast that Alkaline Water will post -0.25 earnings per share for the current year.
About Alkaline Water
The Alkaline Water Company Inc produces, distributes, and markets bottled alkaline water in the United States. The company also offers bottled alkaline water in various volumes under the Alkaline88 brand. In addition, it engages in selling of hemp-derived CBD bottled water under the Alkaline88CBD brand; and sports drinks under the Alkaline88 Sports Drinks brand.
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