Global Water Resources, Inc. (NASDAQ:GWRS) Short Interest Update

Global Water Resources, Inc. (NASDAQ:GWRS) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 101,400 shares, a growth of 7.2% from the November 30th total of 94,600 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 25,100 shares, the days-to-cover ratio is presently 4.0 days.

Hedge Funds Weigh In On Global Water Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in Global Water Resources by 151.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,954 shares of the utilities provider’s stock valued at $264,000 after acquiring an additional 12,636 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of Global Water Resources by 4.2% during the third quarter. Dynamic Advisor Solutions LLC now owns 26,268 shares of the utilities provider’s stock valued at $331,000 after purchasing an additional 1,055 shares in the last quarter. Barclays PLC lifted its holdings in Global Water Resources by 89.3% in the third quarter. Barclays PLC now owns 31,663 shares of the utilities provider’s stock worth $400,000 after purchasing an additional 14,936 shares during the period. Commonwealth Equity Services LLC bought a new position in Global Water Resources in the 2nd quarter valued at about $857,000. Finally, Panagora Asset Management Inc. grew its position in Global Water Resources by 9.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 96,088 shares of the utilities provider’s stock valued at $1,163,000 after buying an additional 8,033 shares in the last quarter. 27.91% of the stock is owned by institutional investors.

Global Water Resources Price Performance

Shares of NASDAQ GWRS opened at $11.50 on Thursday. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63. The firm has a market capitalization of $278.55 million, a PE ratio of 42.59, a P/E/G ratio of 2.95 and a beta of 0.96. Global Water Resources has a 1-year low of $11.24 and a 1-year high of $13.98. The business’s fifty day moving average price is $12.54 and its two-hundred day moving average price is $12.47.

Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $14.32 million during the quarter, compared to analyst estimates of $14.65 million. Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%. During the same quarter in the prior year, the firm earned $0.11 earnings per share. On average, research analysts expect that Global Water Resources will post 0.28 EPS for the current year.

Global Water Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.0253 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.64%. Global Water Resources’s dividend payout ratio (DPR) is presently 111.11%.

About Global Water Resources

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.