Short Interest Reporting: Artesian Resources Corporation Class A (NASDAQ:ARTNA) Just Reported Increased Shorts

November 24, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Reporting: Artesian Resources Corporation Class A (NASDAQ:ARTNA) Just Reported Increased Shorts

The stock of Artesian Resources Corporation Class A (NASDAQ:ARTNA) registered an increase of 1.07% in short interest. ARTNA’s total short interest was 113,300 shares in November as published by FINRA. Its up 1.07% from 112,100 shares, reported previously. With 12,400 shares average volume, it will take short sellers 9 days to cover their ARTNA’s short positions. The short interest to Artesian Resources Corporation Class A’s float is 1.39%. The stock decreased 4.47% or $1.48 on November 23, hitting $31.52. About 20,869 shares traded hands. Artesian Resources Corporation (NASDAQ:ARTNA) has risen 16.61% since April 22, 2016 and is uptrending. It has outperformed by 11.20% the S&P500.

Artesian Resources Corporation is a holding company. The company has a market cap of $289.80 million. The Company, through its subsidiaries, offers water, wastewater and other services on the Delmarva Peninsula. It has a 23.9 P/E ratio. It distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility clients in Delaware, Maryland and Pennsylvania.

Insitutional Activity: The institutional sentiment increased to 1.21 in 2016 Q2. Its up 0.32, from 0.89 in 2016Q1. The ratio is positive, as 3 funds sold all Artesian Resources Corporation shares owned while 33 reduced positions. 8 funds bought stakes while 24 increased positions. They now own 3.35 million shares or 0.42% more from 3.33 million shares in 2016Q1.
Moreover, Goldman Sachs Grp has 0% invested in Artesian Resources Corporation (NASDAQ:ARTNA) for 6,409 shares. Los Angeles Mgmt Equity Rech owns 17,582 shares or 0.01% of their US portfolio. Us Natl Bank De reported 274 shares or 0% of all its holdings. The New York-based First Manhattan has invested 0.05% in Artesian Resources Corporation (NASDAQ:ARTNA). Earnest Partners Ltd Liability accumulated 0% or 700 shares. Citigroup Inc, a New York-based fund reported 996 shares. The Florida-based Ladenburg Thalmann Finance has invested 0% in Artesian Resources Corporation (NASDAQ:ARTNA). Kbc Nv last reported 41,844 shares in the company. State Street Corp reported 163,571 shares or 0% of all its holdings. Wfg Advsrs Limited Partnership last reported 172,206 shares in the company. Geode Mgmt Limited Company accumulated 103,974 shares or 0% of the stock. California State Teachers Retirement holds 16,280 shares or 0% of its portfolio. Bancorp Of America Corp De has invested 0% of its portfolio in Artesian Resources Corporation (NASDAQ:ARTNA). The Washington-based Parametric Portfolio Associates Lc has invested 0% in Artesian Resources Corporation (NASDAQ:ARTNA). Philadelphia Trust has 22,700 shares for 0.07% of their US portfolio.

Insider Transactions: Since May 25, 2016, the stock had 2 insider buys, and 4 sales for $422,713 net activity. 5,900 shares were sold by EISENBREY JOHN R JR, worth $171,100. Taylor Nicholle Renee had bought 28 shares worth $798 on Thursday, November 10. WYER WILLIAM C sold $101,318 worth of Artesian Resources Corporation (NASDAQ:ARTNA) on Wednesday, June 8. $7,153 worth of Artesian Resources Corporation (NASDAQ:ARTNA) was sold by Anderson Pierre A.

Artesian Resources Corporation (NASDAQ:ARTNA) Ratings Coverage

Out of 2 analysts covering Artesian Resources (NASDAQ:ARTNA), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Artesian Resources has been the topic of 4 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, March 2 by Robert W. Baird. The rating was downgraded by Hilliard Lyons to “Underperform” on Wednesday, October 21. As per Friday, November 6, the company rating was upgraded by Hilliard Lyons. The stock of Artesian Resources Corporation (NASDAQ:ARTNA) has “Hold” rating given on Friday, August 7 by Zacks.

ARTNA Company Profile

Artesian Resources Corporation, incorporated on February 10, 1927, is a holding company. The Company, through its subsidiaries, offers water, wastewater and other services on the Delmarva Peninsula. The Firm distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility clients in Delaware, Maryland and Pennsylvania. It provides wastewater services to clients in Delaware. It also provides contract water and wastewater operations, and water and sewer Service Line Protection Plans. The Company’s subsidiaries include Artesian Water Company, Inc. (Artesian Water), Artesian Water Pennsylvania, Inc. (Artesian Water Pennsylvania), Artesian Water Maryland, Inc. (Artesian Water Maryland), Artesian Wastewater Management, Inc. (Artesian Wastewater), Artesian Wastewater Maryland, Inc. (Artesian Wastewater Maryland), Artesian Utility Development, Inc. (Artesian Utility), Artesian Development Corporation (Artesian Development) and Artesian Consulting Engineers, Inc. (Artesian Consulting Engineers).

More recent Artesian Resources Corporation (NASDAQ:ARTNA) news were published by: Nasdaq.com which released: “Artesian Resources Corporation (ARTNA) Ex-Dividend Date Scheduled for November …” on November 04, 2016. Also Globenewswire.com published the news titled: “Artesian Resources Corporation Reports 2016 Third Quarter and Year-to-Date Results” on November 02, 2016. Streetinsider.com‘s news article titled: “Form 4 ARTESIAN RESOURCES CORP For: Nov 22 Filed by: WYER WILLIAM C” with publication date: November 23, 2016 was also an interesting one.

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By Pete Kolinski


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