Artesian Resources Co. (NASDAQ:ARTNA) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totalling 47,800 shares, a growth of 46.6% from the February 27th total of 32,600 shares. Based on an average daily trading volume, of 23,400 shares, the short-interest ratio is presently 2.0 days. Approximately 0.6% of the company’s shares are short sold.
Several brokerages have issued reports on ARTNA. Boenning Scattergood reaffirmed an “outperform” rating on shares of Artesian Resources in a research report on Monday, March 16th. BidaskClub raised shares of Artesian Resources from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Finally, ValuEngine downgraded shares of Artesian Resources from a “buy” rating to a “hold” rating in a research report on Friday, March 20th.
Shares of NASDAQ:ARTNA opened at $36.03 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 0.90. Artesian Resources has a 52-week low of $30.01 and a 52-week high of $39.60. The company has a 50 day moving average of $35.67 and a two-hundred day moving average of $36.79. The company has a market capitalization of $316.03 million, a price-to-earnings ratio of 22.38 and a beta of 0.18.
Artesian Resources Company Profile
Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services on the Delmarva Peninsula. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater services to customers in Delaware.
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