Short Interest in Manila Water Company, Inc. (OTCMKTS:MWTCY) Grows By 158.7%

Manila Water Company, Inc. (OTCMKTS:MWTCY) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 163 shares, a growth of 158.7% from the May 14th total of 63 shares. Based on an average daily volume of 22 shares, the days-to-cover ratio is currently 7.4 days.

Manila Water Stock Performance

Shares of Manila Water stock remained flat at C$18.00 during trading on Friday. Manila Water has a twelve month low of C$17.65 and a twelve month high of C$19.13. The business has a 50-day simple moving average of C$17.87 and a two-hundred day simple moving average of C$17.57.

Manila Water Company Profile

Manila Water Company, Inc is a leading water utility operator in the Philippines, primarily engaged in the provision of potable water and wastewater services. Under a long-term concession agreement with the Metropolitan Waterworks and Sewerage System (MWSS), the company supplies water to the East Zone of Metro Manila, drawing raw water from regional sources and managing an integrated network of treatment plants, pumping stations and distribution pipelines.

In addition to core water distribution, Manila Water develops and implements sewerage and sanitation solutions, including the design, construction and operation of sewage treatment facilities.