Consolidated Water Co. Ltd. (NASDAQ:CWCO) Short Interest Update

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

Consolidated Water Price Performance

Shares of CWCO stock opened at $25.89 on Thursday. The company has a market cap of $409.97 million, a price-to-earnings ratio of 18.49, a PEG ratio of 2.54 and a beta of 0.21. Consolidated Water has a 1 year low of $23.55 and a 1 year high of $36.19. The firm has a fifty day moving average price of $25.57 and a 200-day moving average price of $26.02.

Consolidated Water Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd will be given a $0.11 dividend. 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 payout ratio is 31.43%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CWCO. Oliver Lagore Vanvalin Investment Group purchased a new stake in Consolidated Water in the 2nd quarter worth approximately $27,000. nVerses Capital LLC purchased a new stake in shares of Consolidated Water in the third quarter worth $33,000. Copeland Capital Management LLC bought a new stake in shares of Consolidated Water during the 3rd quarter valued at $48,000. Stanley Laman Group Ltd. purchased a new stake in Consolidated Water in the 3rd quarter worth $53,000. Finally, SG Americas Securities LLC bought a new stake in Consolidated Water during the third 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.