United Utilities Group PLC (OTCMKTS:UUGRY) Short Interest Down 72.3% in May

United Utilities Group PLC (OTCMKTS:UUGRY) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 17,900 shares, a drop of 72.3% from the April 30th total of 64,562 shares. Based on an average daily volume of 57,124 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of research firms recently weighed in on UUGRY. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of United Utilities Group in a report on Tuesday, May 5th. Zacks Research cut United Utilities Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Kepler Capital Markets cut United Utilities Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Citigroup cut United Utilities Group from a “buy” rating to a “neutral” rating in a report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of United Utilities Group in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

United Utilities Group Stock Down 1.0%

OTCMKTS UUGRY opened at $36.28 on Friday. The stock has a fifty day moving average of $36.23 and a 200-day moving average of $34.50. United Utilities Group has a 52 week low of $29.20 and a 52 week high of $40.43. The company has a debt-to-equity ratio of 5.50, a current ratio of 2.22 and a quick ratio of 2.21.

United Utilities Group Company Profile

United Utilities Group (OTCMKTS:UUGRY) is a leading regulated water and wastewater services provider in the United Kingdom, serving more than seven million residents and businesses across North West England. Headquartered in Warrington, the company manages an integrated network of treatment works, reservoirs, pumping stations and more than 26,000 kilometres of water mains. Through its regulated arm, it supplies potable water and collects, transports and treats wastewater, ensuring compliance with environmental and public health standards set by Ofwat and the Environment Agency.

In addition to its core water and wastewater operations, United Utilities has expanded into related services including flood risk management, environmental consultancy and renewable energy generation.