Aris Water Solutions, Inc. (NYSE:ARIS) Short Interest Up 8.9% in January

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,830,000 shares, a growth of 8.9% from the January 15th total of 1,680,000 shares. Based on an average trading volume of 687,800 shares, the days-to-cover ratio is presently 2.7 days. Currently, 7.2% of the shares of the stock are sold short.

Insider Activity at Aris Water Solutions

In related news, major shareholder S Corp Gable sold 38,739 shares of Aris Water Solutions stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total value of $969,637.17. Following the sale, the insider now owns 3,111,738 shares of the company's stock, valued at approximately $77,886,802.14. This trade represents a 1.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of Aris Water Solutions stock in a transaction on Friday, December 13th. The stock was sold at an average price of $25.81, for a total transaction of $83,202,922.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,159,678 shares of company stock valued at $106,807,774. 23.06% of the stock is owned by company insiders.

Institutional Trading of Aris Water Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Aris Water Solutions by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company's stock valued at $365,000 after buying an additional 557 shares during the period. Quarry LP acquired a new position in Aris Water Solutions in the 4th quarter valued at about $27,000. Larson Financial Group LLC acquired a new position in Aris Water Solutions in the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. acquired a new position in Aris Water Solutions in the 4th quarter valued at about $33,000. Finally, Centiva Capital LP grew its position in Aris Water Solutions by 11.1% in the 4th quarter. Centiva Capital LP now owns 13,647 shares of the company's stock valued at $327,000 after acquiring an additional 1,368 shares in the last quarter. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Aris Water Solutions Trading Up 0.6 %

ARIS traded up $0.18 on Thursday, hitting $28.89. The company had a trading volume of 661,895 shares, compared to its average volume of 897,039. The firm has a market cap of $1.68 billion, a P/E ratio of 36.11 and a beta of 1.94. Aris Water Solutions has a 1 year low of $9.38 and a 1 year high of $30.40. The company's fifty day moving average price is $26.44 and its 200 day moving average price is $21.59. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ARIS shares. The Goldman Sachs Group lifted their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Stifel Nicolaus lifted their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Wells Fargo & Company lifted their price target on Aris Water Solutions from $21.00 to $26.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 18th. US Capital Advisors lowered Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, November 26th. Finally, Evercore ISI lowered Aris Water Solutions from an "outperform" rating to an "in-line" rating and lifted their price target for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Aris Water Solutions presently has a consensus rating of "Hold" and a consensus price target of $26.50.

About Aris Water Solutions

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.