United Utilities Group PLC (OTCMKTS:UUGRY) Sees Significant Decrease in Short Interest

United Utilities Group PLC (OTCMKTS:UUGRY) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 27,100 shares, a decline of 21.2% from the August 15th total of 34,400 shares. Based on an average daily trading volume, of 49,600 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 49,600 shares, the short-interest ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley restated an “overweight” rating on shares of United Utilities Group in a research report on Friday, August 29th. Barclays raised shares of United Utilities Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 20th. Finally, Royal Bank Of Canada cut shares of United Utilities Group from a “moderate buy” rating to a “hold” rating in a research note on Friday, June 20th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

United Utilities Group Stock Performance

Shares of UUGRY stock opened at $30.67 on Friday. The company has a debt-to-equity ratio of 5.16, a current ratio of 1.94 and a quick ratio of 1.91. United Utilities Group has a 52 week low of $22.73 and a 52 week high of $32.03. The firm has a 50 day moving average of $30.55 and a two-hundred day moving average of $29.48.

United Utilities Group Company Profile

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 43,000 kilometers of water pipes; and 79,000 kilometers of wastewater pipes.