Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Short Interest Update

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 5,500,000 shares, anincreaseof70.8% from the July 15th total of 3,220,000 shares. Approximately0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 1,050,000 shares, the short-interest ratio is presently 5.2 days. Based on an average daily trading volume, of 1,050,000 shares, the short-interest ratio is presently 5.2 days. Approximately0.8% of the shares of the company are sold short.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Down 4.6%

NYSE:SBS opened at $20.9550 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $14.32 billion, a price-to-earnings ratio of 7.25 and a beta of 0.70. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $13.87 and a one year high of $22.88. The business has a fifty day moving average price of $20.61 and a 200-day moving average price of $19.22.

Institutional Investors Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Several hedge funds and other institutional investors have recently modified their holdings of SBS. Geode Capital Management LLC increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 29,349 shares of the utilities provider’s stock worth $421,000 after purchasing an additional 1,683 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 129.0% in the 4th quarter. Wells Fargo & Company MN now owns 15,899 shares of the utilities provider’s stock worth $228,000 after purchasing an additional 8,955 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 188.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 105,648 shares of the utilities provider’s stock worth $1,514,000 after purchasing an additional 69,048 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter worth $153,000. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 6.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 359,581 shares of the utilities provider’s stock worth $5,142,000 after purchasing an additional 22,589 shares in the last quarter. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.