California Water Service Group Holding (CWT) : 6 days before expiry, shorts in California Water Service Group Holding (CWT) have reduced from 1,754,409 on Jul 29, 2016, to 1,446,354 on August 15, 2016. On an average, 226,915 shares are traded on the exchange. The outstanding bearish positions are equal to 3% of the float. Short sellers have covered -308,055 shares, a reduction of -17.6%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
California Water Service Group Holding (NYSE:CWT): The stock opened at $31.43 on Wednesday but the bulls could not build on the opening and the stock topped out at $31.43 for the day. The stock traded down to $31.04 during the day, due to lack of any buying support eventually closed down at $31.36 with a loss of -0.13% for the day. The stock had closed at $31.40 on the previous day. The total traded volume was 154,117 shares.
In a related news, Treloar Timothy D, (VP, Ops and Water Quality) of California Water Service Group, unloaded 518 shares at an average price of $32.06 on June 13, 2016. The total amount of the transaction was worth $16,607, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
California Water Service Group is a holding company. The Company through its wholly owned subsidiaries provides water utility and other related services in California, Washington, New Mexico and Hawaii. It operates through six operating subsidiaries: California Water Service Company (Cal Water), New Mexico Water Service Company (New Mexico Water), Washington Water Service Company (Washington Water), Hawaii Water Service Company, Inc. (Hawaii Water), and CWS Utility Services and HWS Utility Services LLC (collectively, Utility Services). Utility Services provides non-regulated services to private companies and municipalities. Its business consists of the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public and irrigation uses, and for fire protection. Its non-regulated services include full water system operation, billing and meter reading services.