Short Interest in United Utilities Group PLC (OTCMKTS:UUGRY) Declines By 81.4%

United Utilities Group PLC (OTCMKTS:UUGRY) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 12,400 shares, a decrease of 81.4% from the October 15th total of 66,800 shares. Based on an average daily trading volume, of 206,900 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UUGRY. Citigroup upgraded shares of United Utilities Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Royal Bank of Canada upgraded shares of United Utilities Group to a “moderate buy” rating in a research note on Wednesday, October 9th. Finally, Barclays downgraded United Utilities Group from a “hold” rating to a “strong sell” rating in a research report on Monday, August 5th.

United Utilities Group Stock Performance

United Utilities Group stock opened at $26.67 on Thursday. The firm’s 50 day moving average price is $27.53 and its two-hundred day moving average price is $26.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.14 and a current ratio of 0.14. United Utilities Group has a 1 year low of $24.47 and a 1 year high of $29.68.

United Utilities Group Company Profile

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 43,000 kilometers of water pipes; and 79,000 kilometers of wastewater pipes.