Short Interest in Evoqua Water Technologies Corp (NYSE:AQUA) Decreases By 9.3 per cent

22-07-2019
EVOQUA

Evoqua Water Technologies Corp (NYSE:AQUA) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 3,215,600 shares, a drop of 9.3 per cent from the May 30th total of 3,544,800 shares. Approximately 4.2 per cent of the shares of the company are short sold. Based on an average daily trading volume, of 462,400 shares, the short-interest ratio is currently 7.0 days.

NYSE:AQUA opened at $13.64 on Friday. Evoqua Water Technologies has a 12-month low of $7.92 and a 12-month high of $22.25. The business has a 50-day simple moving average of $13.38.

Evoqua Water Technologies (NYSE:AQUA) last posted its quarterly earnings data on Friday, May 10th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). The firm had revenue of $348.60 million for the quarter, compared to the consensus estimate of $351.04 million. The company’s quarterly revenue was up 4.5 per cent on a year-over-year basis. During the same period last year, the firm posted $0.18 earnings per share.

Several hedge funds and other institutional investors have recently bought and sold shares of AQUA. Quantamental Technologies LLC acquired a new stake in shares of Evoqua Water Technologies during the first quarter worth approximately $76,000. Great West Life Assurance Co. Can increased its holdings in shares of Evoqua Water Technologies by 121.4 per cent in the fourth quarter. Great West Life Assurance Co.

Can now owns 8,292 shares of the company’s stock valued at $77,000 after purchasing an additional 4,546 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Evoqua Water Technologies in the fourth quarter valued at approximately $103,000. Amalgamated Bank acquired a new stake in shares of Evoqua Water Technologies in the fourth quarter valued at approximately $109,000.

Finally, Marshall Wace North America L.P. increased its holdings in shares of Evoqua Water Technologies by 37.4 per cent in the first quarter. Marshall Wace North America L.P. now owns 11,650 shares of the company’s stock valued at $147,000 after purchasing an additional 3,172 shares in the last quarter.

Separately, Citigroup set a $12.00 target price on shares of Avaya and gave the company a “hold” rating in a research note on Monday, July 8th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Evoqua Water Technologies currently has a consensus rating of “Buy” and a consensus price target of $15.67.