Global Water Resources, Inc. (NASDAQ:GWRS) Sees Significant Growth in Short Interest

Global Water Resources, Inc. (NASDAQ:GWRS - Get Free Report) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 101,400 shares, an increase of 7.2% from the November 30th total of 94,600 shares. Based on an average daily volume of 25,100 shares, the short-interest ratio is presently 4.0 days. Currently, 0.9% of the shares of the company are sold short.

Global Water Resources Stock Performance

NASDAQ GWRS traded up $0.06 during mid-day trading on Wednesday, reaching $11.50. 25,649 shares of the stock were exchanged, compared to its average volume of 24,828. The company has a market capitalization of $278.55 million, a P/E ratio of 42.59, a P/E/G ratio of 2.95 and a beta of 0.96. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.63 and a current ratio of 1.62. The business's 50 day moving average is $12.54 and its 200-day moving average is $12.47. Global Water Resources has a 1 year low of $11.24 and a 1 year high of $13.98.

Global Water Resources (NASDAQ:GWRS - Get Free Report) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%. The business had revenue of $14.32 million for the quarter, compared to analyst estimates of $14.65 million. During the same period in the prior year, the company posted $0.11 EPS. On average, equities research analysts forecast that Global Water Resources will post 0.28 EPS for the current fiscal year.

Global Water Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.0253 dividend. This represents a $0.30 annualized dividend and a yield of 2.64%. The ex-dividend date is Friday, January 17th. Global Water Resources's payout ratio is currently 111.11%.

Institutional Trading of Global Water Resources

A number of institutional investors and hedge funds have recently made changes to their positions in GWRS. JPMorgan Chase & Co. grew its stake in Global Water Resources by 151.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,954 shares of the utilities provider's stock valued at $264,000 after acquiring an additional 12,636 shares during the period. Barclays PLC lifted its holdings in Global Water Resources by 89.3% during the third quarter. Barclays PLC now owns 31,663 shares of the utilities provider's stock valued at $400,000 after purchasing an additional 14,936 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Global Water Resources by 3.3% in the third quarter. Geode Capital Management LLC now owns 272,509 shares of the utilities provider's stock valued at $3,431,000 after purchasing an additional 8,593 shares during the period. State Street Corp grew its position in shares of Global Water Resources by 0.7% in the third quarter. State Street Corp now owns 220,872 shares of the utilities provider's stock valued at $2,781,000 after purchasing an additional 1,496 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its stake in Global Water Resources by 4.2% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 26,268 shares of the utilities provider's stock valued at $331,000 after buying an additional 1,055 shares in the last quarter. 27.91% of the stock is currently owned by hedge funds and other institutional investors.

Global Water Resources Company Profile

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.