Short Interest in United Utilities Group PLC (OTCMKTS:UUGRY) Increases By 158.3%

United Utilities Group PLC (OTCMKTS:UUGRY) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 43,906 shares, a growth of 158.3% from the July 15th total of 16,999 shares. Based on an average trading volume of 43,563 shares, the short-interest ratio is presently 1.0 days. Approximately 0.0% of the company’s stock are sold short.

United Utilities Group Trading Down 0.7%

Shares of UUGRY stock opened at $38.38 on Friday. The firm has a 50-day moving average of $36.16 and a 200-day moving average of $36.05. United Utilities Group has a one year low of $29.20 and a one year high of $40.43.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on UUGRY shares. BNP Paribas Exane started coverage on shares of United Utilities Group in a report on Monday, June 29th. They issued an “outperform” rating for the company. Citigroup downgraded shares of United Utilities Group from a “buy” rating to a “neutral” rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of United Utilities Group in a research report on Monday, June 8th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of United Utilities Group in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About United Utilities Group

United Utilities Group (OTCMKTS:UUGRY) is a leading regulated water and wastewater services provider in the United Kingdom, serving more than seven million residents and businesses across North West England. Headquartered in Warrington, the company manages an integrated network of treatment works, reservoirs, pumping stations and more than 26,000 kilometres of water mains. Through its regulated arm, it supplies potable water and collects, transports and treats wastewater, ensuring compliance with environmental and public health standards set by Ofwat and the Environment Agency.

In addition to its core water and wastewater operations, United Utilities has expanded into related services including flood risk management, environmental consultancy and renewable energy generation.