Global Water Resources, Inc. (NASDAQ:GWRS) Sees Large Growth in Short Interest

Global Water Resources, Inc. (NASDAQ:GWRS) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totalling 86,600 shares, an increase of 23.9% from the May 31st total of 69,900 shares. Based on an average daily trading volume, of 21,100 shares, the days-to-cover ratio is currently 4.1 days. Currently, 0.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. CWM LLC increased its holdings in shares of Global Water Resources by 18.2% during the 4th quarter. CWM LLC now owns 12,766 shares of the utilities provider’s stock worth $167,000 after buying an additional 1,970 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Global Water Resources during the 4th quarter worth $423,000. Manchester Capital Management LLC increased its holdings in shares of Global Water Resources by 70.7% during the 4th quarter. Manchester Capital Management LLC now owns 49,093 shares of the utilities provider’s stock worth $642,000 after buying an additional 20,325 shares during the last quarter. North Star Investment Management Corp. increased its holdings in shares of Global Water Resources by 23.5% during the 4th quarter. North Star Investment Management Corp. now owns 202,793 shares of the utilities provider’s stock worth $2,653,000 after buying an additional 38,558 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Global Water Resources by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 678,279 shares of the utilities provider’s stock worth $8,709,000 after buying an additional 8,960 shares during the last quarter. Hedge funds and other institutional investors own 27.91% of the company’s stock.

Global Water Resources Trading Down 0.5 %

Shares of Global Water Resources stock traded down $0.06 during trading hours on Tuesday, reaching $12.08. 29,101 shares of the company’s stock were exchanged, compared to its average volume of 23,810. Global Water Resources has a 52-week low of $9.34 and a 52-week high of $13.43. The firm has a market capitalization of $292.09 million, a price-to-earnings ratio of 46.46, a price-to-earnings-growth ratio of 2.83 and a beta of 0.98. The company has a fifty day moving average of $12.48 and a 200-day moving average of $12.53. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 2.56.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings results on Wednesday, May 8th. The utilities provider reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. Global Water Resources had a return on equity of 13.32% and a net margin of 12.05%. The company had revenue of $11.61 million for the quarter, compared to analyst estimates of $11.50 million. Sell-side analysts forecast that Global Water Resources will post 0.28 EPS for the current fiscal year.

Global Water Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a dividend of $0.025 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Wednesday, July 17th. Global Water Resources’s dividend payout ratio is presently 115.39%.

Global Water Resources Company Profile

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.