Short Interest in The York Water Company (NASDAQ:YORW) Grows By 24.2%

The York Water Company (NASDAQ:YORWGet Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 131,700 shares, an increase of 24.2% from the September 30th total of 106,000 shares. Based on an average trading volume of 39,900 shares, the days-to-cover ratio is presently 3.3 days.

York Water Price Performance

Shares of YORW stock opened at $35.57 on Wednesday. The company has a market capitalization of $510.79 million, a P/E ratio of 22.23 and a beta of 0.63. The company’s 50-day simple moving average is $37.62 and its two-hundred day simple moving average is $37.56. York Water has a one year low of $33.32 and a one year high of $41.96. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.78 and a quick ratio of 0.61.

York Water (NASDAQ:YORWGet Free Report) last announced its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.10). The firm had revenue of $18.75 million during the quarter, compared to the consensus estimate of $19.00 million. York Water had a return on equity of 10.32% and a net margin of 31.27%. As a group, equities analysts anticipate that York Water will post 1.43 EPS for the current year.

York Water Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.2108 per share. The ex-dividend date was Monday, September 30th. This represents a $0.84 annualized dividend and a dividend yield of 2.37%. York Water’s dividend payout ratio is currently 52.50%.

Institutional Trading of York Water

Several institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in York Water by 14.4% during the 1st quarter. Russell Investments Group Ltd. now owns 122,388 shares of the utilities provider’s stock valued at $4,439,000 after purchasing an additional 15,362 shares during the period. Orrstown Financial Services Inc. bought a new position in shares of York Water during the third quarter valued at approximately $445,000. Susquehanna Fundamental Investments LLC purchased a new position in York Water during the second quarter valued at approximately $339,000. State Board of Administration of Florida Retirement System bought a new position in York Water in the first quarter worth approximately $330,000. Finally, Rhumbline Advisers lifted its holdings in York Water by 35.0% during the second quarter. Rhumbline Advisers now owns 25,123 shares of the utilities provider’s stock worth $932,000 after buying an additional 6,519 shares during the period. 49.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of York Water from a “sell” rating to a “hold” rating in a research note on Friday, August 30th.

Check Out Our Latest Stock Analysis on York Water

About York Water

(Get Free Report)

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.

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