Aris Water Solutions, Inc. (NYSE:ARIS – Get Rating) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 770,200 shares, an increase of 23.1% from the May 15th total of 625,500 shares. Based on an average trading volume of 296,900 shares, the days-to-cover ratio is presently 2.6 days. Approximately 3.9% of the company’s stock are short sold.
Separately, Capital One Financial upgraded shares of Aris Water Solutions from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 25th.
ARIS opened at $18.57 on Friday. The firm’s 50-day moving average is $18.41. Aris Water Solutions has a fifty-two week low of $10.06 and a fifty-two week high of $22.00.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 31st. Investors of record on Thursday, May 19th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, May 18th. This represents a $0.36 annualized dividend and a yield of 1.94%.
Aris Water Solutions Company Profile (Get Rating)
Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.
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