Short Interest of The Day: A Reversal for Conn Water Services (NASDAQ:CTWS) Is Not Near. The Stock Has Rise in Shorts

November 30, 2016 - By Nellie Frank   ·   0 Comments

Short Interest of The Day: A Reversal for Conn Water Services (NASDAQ:CTWS) Is Not Near. The Stock Has Rise in Shorts

The stock of Conn Water Services (NASDAQ:CTWS) registered an increase of 2.79% in short interest. CTWS’s total short interest was 346,800 shares in November as published by FINRA. Its up 2.79% from 337,400 shares, reported previously. With 26,400 shares average volume, it will take short sellers 13 days to cover their CTWS’s short positions. The short interest to Conn Water Services’s float is 3.16%. About 22,096 shares traded hands. Connecticut Water Service Inc (NASDAQ:CTWS) has risen 19.69% since April 27, 2016 and is uptrending. It has outperformed by 14.47% the S&P500.

Connecticut Water Service, Inc. is a non-operating holding company. The company has a market cap of $621.44 million. The Company’s income is derived from the earnings of its subsidiary companies, including The Connecticut Water Company , The Maine Water Company (Maine Water), New England Water Utility Services, Inc. (NEWUS) and Chester Realty Company (Chester Realty). It has a 24.91 P/E ratio. It operates through three divisions: Water Operations, Real Estate Transactions, and Services and Rentals.

Insitutional Activity: The institutional sentiment increased to 1.02 in Q2 2016. Its up 0.10, from 0.92 in 2016Q1. The ratio increased, as 8 funds sold all Connecticut Water Service Inc shares owned while 40 reduced positions. 15 funds bought stakes while 29 increased positions. They now own 4.82 million shares or 3.51% more from 4.66 million shares in 2016Q1.
National Bank Of Ny Mellon has 86,817 shares for 0% of their US portfolio. Public Employees Retirement Association Of Colorado last reported 0% of its portfolio in the stock. Raymond James Financial Svcs Advsr accumulated 0% or 6,718 shares. New York State Common Retirement Fund holds 0% or 11,600 shares in its portfolio. Blackrock Fund, a California-based fund reported 285,571 shares. Pnc Svcs Group Incorporated accumulated 1,725 shares or 0% of the stock. Aqr Management Ltd Co accumulated 9,176 shares or 0% of the stock. First Manhattan Co, a New York-based fund reported 34,306 shares. Moreover, M&T Comml Bank has 0.01% invested in Connecticut Water Service Inc (NASDAQ:CTWS) for 20,230 shares. Arrow Financial has 0% invested in the company for 200 shares. Commercial Bank Of Montreal Can reported 870 shares or 0% of all its holdings. Tiaa Cref Investment Limited Co last reported 33,347 shares in the company. Alliancebernstein Limited Partnership last reported 18,514 shares in the company. Franklin Res Inc, a California-based fund reported 116,400 shares. Nationwide Fund accumulated 0% or 7,235 shares.

CTWS Company Profile

Connecticut Water Service, Inc., incorporated on February 1, 1956, is a non-operating holding company. The Company’s income is derived from the earnings of its subsidiary companies, including The Connecticut Water Company (Connecticut Water), The Maine Water Company (Maine Water), New England Water Utility Services, Inc. (NEWUS) and Chester Realty Company (Chester Realty). Connecticut Water and Maine Water are its regulated water companies (referred to as Regulated Companies). The Firm operates through three divisions: Water Operations, Real Estate Transactions, and Services and Rentals.

More recent Connecticut Water Service Inc (NASDAQ:CTWS) news were published by: Patch.com which released: “Avon Water Company and Connecticut Water Service Joining Forces” on October 12, 2016. Also Globenewswire.com published the news titled: “Connecticut Water Service, Inc. to Webcast, Live, at …” on November 17, 2016. Zacks.com‘s news article titled: “Connecticut Water’s Buyouts Bode Well, Regulations Sting” with publication date: November 17, 2016 was also an interesting one.

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By Nellie Frank


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