Short Interest in The York Water Company (NASDAQ:YORW) Decreases By 20.8%

The York Water Company (NASDAQ:YORW - Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 145,400 shares, a drop of 20.8% from the February 28th total of 183,700 shares. Based on an average daily trading volume, of 71,600 shares, the short-interest ratio is currently 2.0 days. Approximately 1.0% of the shares of the company are sold short.

York Water Stock Performance

York Water stock traded up $0.90 during trading hours on Thursday, reaching $35.29. 53,394 shares of the stock were exchanged, compared to its average volume of 55,737. York Water has a 52-week low of $29.86 and a 52-week high of $41.96. The stock has a market cap of $507.79 million, a P/E ratio of 23.84 and a beta of 0.61. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.68 and a current ratio of 0.88. The firm's 50 day moving average is $33.10 and its 200 day moving average is $34.40.

York Water (NASDAQ:YORW - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). York Water had a return on equity of 9.44% and a net margin of 28.57%. The firm had revenue of $18.87 million for the quarter, compared to analysts' expectations of $19.00 million. Analysts predict that York Water will post 1.43 EPS for the current fiscal year.

York Water Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, February 28th will be paid a $0.2192 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.48%. York Water's dividend payout ratio (DPR) is presently 61.27%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of YORW. PDT Partners LLC boosted its position in shares of York Water by 7.0% during the 3rd quarter. PDT Partners LLC now owns 10,136 shares of the utilities provider's stock worth $380,000 after purchasing an additional 663 shares in the last quarter. Martingale Asset Management L P lifted its stake in shares of York Water by 3.0% in the fourth quarter. Martingale Asset Management L P now owns 22,785 shares of the utilities provider's stock valued at $746,000 after purchasing an additional 670 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in York Water by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 117,405 shares of the utilities provider's stock worth $3,841,000 after buying an additional 739 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in York Water by 7.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,539 shares of the utilities provider's stock worth $345,000 after buying an additional 742 shares in the last quarter. Finally, Fulton Bank N.A. grew its position in York Water by 4.7% during the fourth quarter. Fulton Bank N.A. now owns 16,600 shares of the utilities provider's stock worth $543,000 after buying an additional 750 shares during the period. Institutional investors and hedge funds own 49.86% of the company's stock.

About York Water

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.