Consolidated Water Co. Ltd. (NASDAQ:CWCO) Short Interest Up 15.3% in February

Consolidated Water Co. Ltd. (NASDAQ:CWCO – Get Rating) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 107,500 shares, an increase of 15.3% from the February 13th total of 93,200 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 60,200 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Investors Weigh In On Consolidated Water

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its stake in Consolidated Water by 4.1% during the fourth quarter. Bank of America Corp DE now owns 17,239 shares of the utilities provider’s stock worth $255,000 after acquiring an additional 673 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Consolidated Water by 27.7% during the fourth quarter. Wells Fargo & Company MN now owns 3,122 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 677 shares in the last quarter. Abundance Wealth Counselors boosted its stake in Consolidated Water by 3.3% during the third quarter. Abundance Wealth Counselors now owns 21,708 shares of the utilities provider’s stock worth $334,000 after acquiring an additional 688 shares in the last quarter. ELCO Management Co. LLC boosted its stake in Consolidated Water by 7.2% during the second quarter. ELCO Management Co. LLC now owns 18,149 shares of the utilities provider’s stock worth $263,000 after acquiring an additional 1,214 shares in the last quarter. Finally, TCI Wealth Advisors Inc. bought a new position in Consolidated Water during the third quarter worth $26,000. 43.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CWCO shares. TheStreet lowered shares of Consolidated Water from a “b” rating to a “c+” rating in a report on Tuesday, December 6th. StockNews.com lowered shares of Consolidated Water from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 16th. Finally, Janney Montgomery Scott raised shares of Consolidated Water from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Wednesday, November 16th.

Consolidated Water Stock Down 1.5 %

NASDAQ:CWCO opened at $14.78 on Tuesday. The firm’s fifty day moving average is $14.89 and its 200-day moving average is $15.78. Consolidated Water has a 52 week low of $9.74 and a 52 week high of $20.58.

Consolidated Water Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Monday, April 3rd will be paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, March 31st.

About Consolidated Water

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Consolidated Water Co Ltd. engages in the development and operation of seawater desalination plants and water distribution systems. It operates through the following segments: Retail, Bulk, Services, and Manufacturing. The Retail segment operates the water utility for the Seven Mile Beach and West Bay areas of Grand Cayman Islands.