Short Interest in Select Water Solutions, Inc. (NYSE:WTTR) Increases By 35.9%

Select Water Solutions, Inc. (NYSE:WTTR - Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 6,970,000 shares, an increase of 35.9% from the February 13th total of 5,130,000 shares. Approximately 6.4% of the company's shares are sold short. Based on an average daily trading volume, of 1,010,000 shares, the days-to-cover ratio is currently 6.9 days.

Insider Activity

In other news, CEO John Schmitz sold 26,550 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total transaction of $349,398.00. Following the transaction, the chief executive officer now owns 2,898,578 shares of the company's stock, valued at approximately $38,145,286.48. This represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 8.40% of the company's stock.

Hedge Funds Weigh In On Select Water Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WTTR. Tower Research Capital LLC TRC raised its stake in Select Water Solutions by 128.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,711 shares of the company's stock worth $36,000 after acquiring an additional 1,525 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Select Water Solutions by 24.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock worth $67,000 after purchasing an additional 1,007 shares during the period. Northwest & Ethical Investments L.P. acquired a new stake in Select Water Solutions during the 3rd quarter worth about $107,000. Amundi grew its position in Select Water Solutions by 83.8% during the 4th quarter. Amundi now owns 9,010 shares of the company's stock worth $119,000 after purchasing an additional 4,109 shares during the period. Finally, Summit Investment Advisors Inc. grew its position in Select Water Solutions by 13.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company's stock worth $126,000 after purchasing an additional 1,143 shares during the period. Hedge funds and other institutional investors own 81.73% of the company's stock.

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Select Water Solutions Stock Down 0.4 %

Shares of WTTR traded down $0.04 during midday trading on Thursday, hitting $10.10. 881,176 shares of the company's stock traded hands, compared to its average volume of 960,728. Select Water Solutions has a 1 year low of $8.60 and a 1 year high of $15.14. The firm's fifty day moving average is $12.33 and its 200-day moving average is $12.38. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 33.76 and a beta of 1.77.

Select Water Solutions (NYSE:WTTR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.14). The business had revenue of $349.05 million for the quarter, compared to analysts' expectations of $333.62 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. As a group, sell-side analysts anticipate that Select Water Solutions will post 0.91 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were paid a $0.07 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a yield of 2.77%. Select Water Solutions's dividend payout ratio (DPR) is 93.33%.

Wall Street Analysts Forecast Growth

Separately, Citigroup increased their price objective on Select Water Solutions from $14.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, January 10th.

Select Water Solutions Company Profile

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.