Short Interest in Manila Water Company, Inc. (OTCMKTS:MWTCY) Grows By 158.7%

Manila Water Company, Inc. (OTCMKTS:MWTCY) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 163 shares, an increase of 158.7% from the May 14th total of 63 shares. Based on an average daily trading volume, of 22 shares, the days-to-cover ratio is currently 7.4 days.

Manila Water Price Performance

Shares of OTCMKTS MWTCY remained flat at C$18.00 during midday trading on Friday. The stock’s 50-day moving average price is C$17.87 and its two-hundred day moving average price is C$17.57. Manila Water has a 52 week low of C$17.65 and a 52 week high of C$19.13.

Manila Water Company Profile

Manila Water Company, Inc is a leading water utility operator in the Philippines, primarily engaged in the provision of potable water and wastewater services. Under a long-term concession agreement with the Metropolitan Waterworks and Sewerage System (MWSS), the company supplies water to the East Zone of Metro Manila, drawing raw water from regional sources and managing an integrated network of treatment plants, pumping stations and distribution pipelines.

In addition to core water distribution, Manila Water develops and implements sewerage and sanitation solutions, including the design, construction and operation of sewage treatment facilities.