Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Short Interest Update

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 4,890,000 shares, a decline of 20.5% from the January 15th total of 6,150,000 shares. Based on an average daily trading volume, of 842,100 shares, the days-to-cover ratio is presently 5.8 days. Approximately 0.7% of the company's shares are short sold.

Hedge Funds Weigh In On Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Institutional investors have recently modified their holdings of the business. Deutsche Bank AG lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 55.1% in the 4th quarter. Deutsche Bank AG now owns 6,234,236 shares of the utilities provider's stock valued at $89,337,000 after acquiring an additional 2,213,846 shares in the last quarter. Citigroup Inc. increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4,931.7% during the 3rd quarter. Citigroup Inc. now owns 1,216,372 shares of the utilities provider's stock worth $20,119,000 after purchasing an additional 1,192,198 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 3,464.7% during the 4th quarter. Alliancebernstein L.P. now owns 887,266 shares of the utilities provider's stock worth $12,715,000 after purchasing an additional 862,376 shares during the last quarter. Northern Trust Corp increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 135.5% during the 4th quarter. Northern Trust Corp now owns 1,377,086 shares of the utilities provider's stock worth $19,734,000 after purchasing an additional 792,330 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 506.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 923,414 shares of the utilities provider's stock worth $15,273,000 after purchasing an additional 771,128 shares during the last quarter. Institutional investors own 10.62% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "hold" rating to a "buy" rating in a report on Thursday, February 6th.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Up 3.9 %

Shares of NYSE:SBS traded up $0.68 during trading on Monday, hitting $17.78. 855,904 shares of the company's stock traded hands, compared to its average volume of 740,133. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 52 week low of $13.10 and a 52 week high of $18.36. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 7.00 and a beta of 1.14. The company has a 50-day moving average price of $15.35 and a 200-day moving average price of $16.15.

About Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.