Short Interest in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) Drops By 58.5%

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) was the recipient of a large decrease in short interest in the month of October. As of October 13th, there was short interest totalling 743,231 shares, a decrease of 58.5% from the September 29th total of 1,790,382 shares. Based on an average daily trading volume, of 1,447,218 shares, the days-to-cover ratio is presently 0.5 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of SBS. Alliancebernstein L.P. lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 0.7% during the first quarter. Alliancebernstein L.P. now owns 158,238 shares of the utilities provider’s stock valued at $1,647,000 after purchasing an additional 1,062 shares during the period. Principal Financial Group Inc. lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 7.1% during the first quarter. Principal Financial Group Inc. now owns 329,209 shares of the utilities provider’s stock valued at $3,427,000 after purchasing an additional 21,871 shares during the period. Vanguard Group Inc. lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 4.3% during the first quarter. Vanguard Group Inc. now owns 4,915,627 shares of the utilities provider’s stock valued at $51,172,000 after purchasing an additional 201,366 shares during the period. Geode Capital Management LLC lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 307.5% during the first quarter. Geode Capital Management LLC now owns 116,450 shares of the utilities provider’s stock valued at $1,211,000 after purchasing an additional 87,871 shares during the period. Finally, UBS Group AG lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 29.6% during the first quarter. UBS Group AG now owns 268,604 shares of the utilities provider’s stock valued at $2,796,000 after purchasing an additional 61,365 shares during the period. Institutional investors own 15.59% of the company’s stock.

Several equities analysts have recently weighed in on SBS shares. Zacks Investment Research cut Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. ValuEngine raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Janney Montgomery Scott raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “buy” rating in a report on Wednesday, August 16th. Finally, Scotiabank raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from an “underperform” rating to a “sector perform” rating in a report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has an average rating of “Hold”.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be viewed at https://www.com-unik.info/2017/11/03/short-interest-in-companhia-de-saneamento-basico-do-estado-de-sao-paulo-sabesp-sbs-drops-by-58-5.html.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a water and sewage service provider. The Company provides water and sewage services to a range of residential, commercial, industrial and governmental customers in over 360 municipalities in the state of Sao Paulo, including the city of Sao Paulo.

What are top analysts saying about Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit