Aqua America (WTR) : Traders are getting increasingly bearish on Aqua America (WTR), as can be seen in the addition of short positions from 4,989,185 on Jul 29, 2016, to 5,068,429 on August 15, 2016. The net change in shorts is 79,244 shares, an increase of 1.6%. 8 days remain before the expiry. The 2.9% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 597,798. The short interest information was released on Wednesday Aug 24th after the market close.
Aqua America (NYSE:WTR): The stock opened at $31.59 on Wednesday but the bulls could not build on the opening and the stock topped out at $31.66 for the day. The stock traded down to $31.24 during the day, due to lack of any buying support eventually closed down at $31.50 with a loss of -0.44% for the day. The stock had closed at $31.64 on the previous day. The total traded volume was 458,764 shares.
In a related news,The director of Aqua America Inc, Glanton Richard H sold 280 shares at $31.77 on May 25, 2016. The Insider selling transaction had a total value worth of $8,896. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Aqua America, Inc. is a holding company. The Company, through its subsidiaries, provides water or wastewater services in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, and Virginia. Its largest operating subsidiary is Aqua Pennsylvania, Inc., which provides water or wastewater services to approximately one-half of the total number of people the Company serves. Its other regulated utility subsidiaries provide similar services in seven other states. In addition, its non-regulated subsidiary, Aqua Resources Inc., provides liquid waste hauling and disposal; water and wastewater services; water and wastewater line repair service and protection solutions to households; designs and builds water and wastewater systems, and provides other non-regulated water and wastewater services, among others. The Companys non-regulated subsidiary, Aqua Infrastructure LLC, provides non-utility raw water supply services for firms in the natural gas drilling industry.