Global Water Resources, Inc. (NASDAQ:GWRS) Short Interest Update

Global Water Resources, Inc. (NASDAQ:GWRS - Get Free Report) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 92,600 shares, a growth of 7.3% from the October 31st total of 86,300 shares. Approximately 0.8% of the company's stock are short sold. Based on an average daily volume of 22,600 shares, the days-to-cover ratio is currently 4.1 days.

Institutional Investors Weigh In On Global Water Resources

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dynamic Advisor Solutions LLC increased its stake in Global Water Resources by 4.2% in the third quarter. Dynamic Advisor Solutions LLC now owns 26,268 shares of the utilities provider's stock valued at $331,000 after acquiring an additional 1,055 shares during the last quarter. Barclays PLC raised its holdings in shares of Global Water Resources by 89.3% during the 3rd quarter. Barclays PLC now owns 31,663 shares of the utilities provider's stock valued at $400,000 after buying an additional 14,936 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in Global Water Resources in the second quarter worth approximately $857,000. Panagora Asset Management Inc. boosted its stake in Global Water Resources by 9.1% in the second quarter. Panagora Asset Management Inc. now owns 96,088 shares of the utilities provider's stock worth $1,163,000 after buying an additional 8,033 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Global Water Resources by 0.7% during the third quarter. State Street Corp now owns 220,872 shares of the utilities provider's stock worth $2,781,000 after acquiring an additional 1,496 shares in the last quarter. Hedge funds and other institutional investors own 27.91% of the company's stock.

Global Water Resources Stock Down 1.4 %

Shares of GWRS stock traded down $0.18 during trading hours on Tuesday, reaching $13.05. The company had a trading volume of 31,116 shares, compared to its average volume of 23,738. The company has a market cap of $316.07 million, a price-to-earnings ratio of 48.33, a price-to-earnings-growth ratio of 3.15 and a beta of 0.96. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63. Global Water Resources has a 12 month low of $11.41 and a 12 month high of $13.98. The business has a fifty day simple moving average of $12.73 and a 200-day simple moving average of $12.54.

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

Global Water Resources Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a dividend of $0.0253 per share. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Global Water Resources's previous monthly dividend of $0.02. This represents a $0.30 annualized dividend and a dividend yield of 2.33%. Global Water Resources's dividend payout ratio is currently 111.11%.

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.