Short Interest in United Utilities Group PLC (OTCMKTS:UUGRY) Drops By 28.3%

United Utilities Group PLC (OTCMKTS:UUGRY – Get Rating) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 3,300 shares, a decline of 28.3% from the February 13th total of 4,600 shares. Based on an average daily volume of 9,900 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

A number of brokerages have weighed in on UUGRY. Credit Suisse Group upped their price objective on shares of United Utilities Group from GBX 980 ($11.78) to GBX 990 ($11.90) in a research report on Wednesday, November 30th. JPMorgan Chase & Co. cut United Utilities Group from an “overweight” rating to a “neutral” rating in a report on Tuesday, December 6th. Finally, Morgan Stanley raised their price objective on United Utilities Group from GBX 990 ($11.90) to GBX 1,010 ($12.15) in a report on Friday, December 2nd.

United Utilities Group Stock Up 0.9 %

Shares of United Utilities Group stock opened at $24.74 on Friday. United Utilities Group has a twelve month low of $18.26 and a twelve month high of $30.72. The firm’s 50-day moving average price is $25.37 and its 200 day moving average price is $23.91.

United Utilities Group Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, February 8th. Stockholders of record on Friday, December 23rd were given a $0.335 dividend. The ex-dividend date of this dividend was Thursday, December 22nd. This represents a dividend yield of 3.95%.

United Utilities Group Company Profile

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United Utilities Group Plc engages in the provision of water and wastewater services. It manages large areas of catchment land in a sustainable way and rely on watercourses where return wastewater safely and cleanly to the environment, and process bio resources from wastewater to generate renewable energy.