Short Interest in SJW Group (NYSE:SJW) Rises By 21.6%

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SJW Group (NYSE:SJW) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 177,100 shares, a growth of 21.6% from the September 15th total of 145,700 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 109,200 shares, the short-interest ratio is presently 1.6 days.

Shares of NYSE:SJW traded up $0.08 on Tuesday, reaching $72.68. The company had a trading volume of 21,646 shares, compared to its average volume of 116,522. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average price of $69.88 and a 200 day moving average price of $64.83. The stock has a market capitalization of $2.06 billion, a P/E ratio of 28.96, a P/E/G ratio of 8.48 and a beta of 0.02. SJW Group has a twelve month low of $51.82 and a twelve month high of $74.17.

Institutional investors have recently bought and sold shares of the company. Oakworth Capital Inc. bought a new position in shares of SJW Group in the second quarter worth about $36,000. Advisory Services Network LLC increased its stake in shares of SJW Group by 50.6% in the second quarter. Advisory Services Network LLC now owns 732 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 246 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of SJW Group by 18.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,810 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 285 shares during the period. Quantamental Technologies LLC increased its stake in shares of SJW Group by 161.3% in the second quarter. Quantamental Technologies LLC now owns 1,957 shares of the utilities provider’s stock worth $119,000 after purchasing an additional 1,208 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of SJW Group by 148.0% in the second quarter. SG Americas Securities LLC now owns 4,129 shares of the utilities provider’s stock worth $251,000 after purchasing an additional 2,464 shares during the period. Institutional investors and hedge funds own 67.92% of the company’s stock.

A number of analysts have weighed in on SJW shares. Macquarie started coverage on SJW Group in a research report on Monday, October 7th. They issued an “outperform” rating and a $79.00 price target for the company. Zacks Investment Research raised SJW Group from a “sell” rating to a “hold” rating in a research report on Friday, August 23rd. ValuEngine cut SJW Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co set a $80.00 price target on SJW Group and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and issued a $71.00 price target on shares of SJW Group in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $72.80.

About SJW Group

SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases.

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