American Water Works (AWK) : Traders are negative on American Water Works (AWK), as it has 2.5% of short positions outstanding compared to its float. The total shorts have reduced by -485,329 shares, which is a -10% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,4,866,394 to 4,381,065 shares. While the daily trading volume of the stock is 1,317,690, there are 3 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
American Water Works (NYSE:AWK): The stock opened at $76.37 on Wednesday but the bulls could not build on the opening and the stock topped out at $76.50 for the day. The stock traded down to $75.63 during the day, due to lack of any buying support eventually closed down at $76.26 with a loss of -0.30% for the day. The stock had closed at $76.49 on the previous day. The total traded volume was 663,783 shares.
In a related news, The officer (EVP and COO), of American Water Works Company, Inc., Lynch Walter had unloaded 10,000 shares at $76 per share in a transaction on August 17, 2016. The total value of transaction was $760,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
American Water Works Company, Inc. is a water and wastewater utility holding company. Through its subsidiaries, the Company provides drinking water, wastewater and other water related services to approximately 15 million people in approximately 47 states of the United States and one Canadian province. The Company has two operating segments: the Regulated Businesses and the Market-Based Operations. The Regulated Businesses segment owns subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers. The Market-Based Operations segment provides water and wastewater services to military bases, municipalities, industrial, commercial and residential customers that are not subject to economic regulation by state Public Utility Commissions (PUC). The Companys subsidiaries include Illinois-American Water Company (ILAWC), American Lake Water Company and West Virginia-American Water Company (WVAWC).