The York Water Company (NASDAQ:YORW) Short Interest Update

The York Water Company (NASDAQ:YORW) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 294,000 shares, agrowthof1,913.7% from the June 30th total of 14,600 shares. Based on an average daily volume of 80,000 shares, the short-interest ratio is currently 3.7 days. Based on an average daily volume of 80,000 shares, the short-interest ratio is currently 3.7 days.

Analyst Ratings Changes

Separately, Wall Street Zen cut York Water from a “hold” rating to a “sell” rating in a report on Saturday, July 5th.

Institutional Investors Weigh In On York Water

Institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC bought a new stake in shares of York Water during the fourth quarter worth approximately $349,000. GAMMA Investing LLC boosted its holdings in shares of York Water by 12,413.5% during the first quarter. GAMMA Investing LLC now owns 9,260 shares of the utilities provider’s stock worth $321,000 after acquiring an additional 9,186 shares during the period. Squarepoint Ops LLC bought a new stake in shares of York Water during the fourth quarter worth approximately $509,000. Two Sigma Investments LP boosted its holdings in shares of York Water by 22.4% during the fourth quarter. Two Sigma Investments LP now owns 46,984 shares of the utilities provider’s stock worth $1,537,000 after acquiring an additional 8,596 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of York Water by 32.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 31,120 shares of the utilities provider’s stock worth $1,018,000 after acquiring an additional 7,576 shares during the period. Institutional investors own 49.86% of the company’s stock.

York Water Trading Up 0.6%

York Water stock opened at $30.45 on Friday. York Water has a 52 week low of $29.86 and a 52 week high of $41.79. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.71 and a current ratio of 0.90. The stock has a market capitalization of $438.48 million, a P/E ratio of 22.23 and a beta of 0.72. The stock has a 50-day simple moving average of $31.86 and a 200 day simple moving average of $32.82.

York Water (NASDAQ:YORW) last posted its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.08). York Water had a return on equity of 8.56% and a net margin of 25.91%. The business had revenue of $18.46 million for the quarter, compared to the consensus estimate of $19.00 million. Analysts expect that York Water will post 1.43 earnings per share for the current year.

York Water Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.2192 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, June 30th. York Water’s payout ratio is currently 64.23%.

About York Water

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.