Manila Water Company, Inc. (OTCMKTS:MWTCY) Short Interest Update

Manila Water Company, Inc. (OTCMKTS:MWTCY) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 300 shares, a growth of 200.0% from the March 15th total of 100 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 3.0 days.

Manila Water Price Performance

MWTCY stock remained flat at C$9.00 during trading on Thursday. Manila Water has a 1 year low of C$7.67 and a 1 year high of C$10.16. The company has a 50 day moving average of C$8.71 and a 200-day moving average of C$8.15.

Manila Water Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, April 29th. Investors of record on Monday, March 18th will be issued a dividend of $0.3322 per share. This is an increase from Manila Water’s previous dividend of $0.19. The ex-dividend date is Friday, March 15th. Manila Water’s dividend payout ratio (DPR) is currently 10.90%.

Manila Water Company Profile

Manila Water Company, Inc, together with its subsidiaries, provides water treatment and distribution, sewerage, and sanitation services in the Philippines and internationally. It also offers integrated used water, pipework, engineering, procurement, and management services. The company provides its services to approximately six million people in the East Zone encompassing 23 cities and municipalities, including Makati, Mandaluyong, Pasig, Pateros, San Juan, Taguig, Marikina, Quezon City, and Manila, as well as Rizal towns comprising Angono, Antipolo, Baras, Binangonan, Cainta, Cardona, Jala-Jala, Morong, Pililia, Rodriguez, San Mateo, Tanay, Taytay, and Teresa.