Manila Water Company, Inc. (OTCMKTS:MWTCY – Get Free Report) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 263 shares, a growth of 317.5% from the October 15th total of 63 shares. Based on an average daily volume of 94 shares, the days-to-cover ratio is presently 2.8 days.
Manila Water Stock Performance
Shares of Manila Water stock opened at C$12.47 on Thursday. Manila Water has a twelve month low of C$12.47 and a twelve month high of C$19.13. The business’s 50 day simple moving average is C$13.80 and its 200-day simple moving average is C$16.16.
About Manila Water
Manila Water Company, Inc. is a Philippine water and wastewater utility. It provides water sourcing, treatment and distribution, along with sewerage and sanitation services. The company became the concessionaire for the East Zone of Metro Manila in 1997 under an agreement with the Metropolitan Waterworks and Sewerage System. Its service area includes parts of Metro Manila and Rizal province. In addition to its core utility operations, Manila Water has pursued water and wastewater projects in other parts of the Philippines and in international markets.
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