Short Interest in Consolidated Water Co. Ltd. (NASDAQ:CWCO) Declines By 5.1%

Consolidated Water Co. Ltd. (NASDAQ:CWCO) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 612,600 shares, a decline of 5.1% from the November 30th total of 645,400 shares. Currently, 4.1% of the company’s shares are short sold. Based on an average daily volume of 93,500 shares, the short-interest ratio is currently 6.6 days.

Consolidated Water Price Performance

Shares of CWCO stock traded up $0.07 during mid-day trading on Wednesday, hitting $25.89. The stock had a trading volume of 82,761 shares, compared to its average volume of 118,042. Consolidated Water has a 12-month low of $23.55 and a 12-month high of $36.19. The firm’s 50-day moving average is $25.57 and its two-hundred day moving average is $26.02. The firm has a market capitalization of $409.97 million, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 2.54 and a beta of 0.21.

Consolidated Water Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, January 2nd. Consolidated Water’s dividend payout ratio (DPR) is 31.43%.

Institutional Investors Weigh In On Consolidated Water

Large investors have recently modified their holdings of the business. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Consolidated Water in the 2nd quarter worth $27,000. nVerses Capital LLC bought a new position in shares of Consolidated Water during the 3rd quarter worth approximately $33,000. Copeland Capital Management LLC purchased a new stake in shares of Consolidated Water during the 3rd quarter valued at $48,000. Stanley Laman Group Ltd. purchased a new position in Consolidated Water during the 3rd quarter worth $53,000. Finally, SG Americas Securities LLC acquired a new position in Consolidated Water during the 3rd quarter valued at about $132,000. Institutional investors own 55.16% of the company’s stock.

About Consolidated Water

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.