Evoqua Water Technologies Corp (NYSE:AQUA) Short Interest Down 9.3% in June

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Evoqua Water Technologies Corp (NYSE:AQUA) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 3,215,600 shares, a decrease of 9.3% from the May 30th total of 3,544,800 shares. Based on an average trading volume of 462,400 shares, the short-interest ratio is presently 7.0 days. Currently, 4.2% of the company’s stock are sold short.

A number of hedge funds have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC grew its position in Evoqua Water Technologies by 0.7% during the first quarter. Clearbridge Investments LLC now owns 141,242 shares of the company’s stock valued at $1,777,000 after buying an additional 970 shares during the period. Legal & General Group Plc grew its position in Evoqua Water Technologies by 8.4% during the fourth quarter. Legal & General Group Plc now owns 28,877 shares of the company’s stock valued at $277,000 after buying an additional 2,230 shares during the period. Commonwealth Equity Services LLC grew its position in Evoqua Water Technologies by 10.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 31,295 shares of the company’s stock valued at $300,000 after buying an additional 3,045 shares during the period. Marshall Wace North America L.P. grew its position in Evoqua Water Technologies by 37.4% during the first quarter. Marshall Wace North America L.P. now owns 11,650 shares of the company’s stock valued at $147,000 after buying an additional 3,172 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in Evoqua Water Technologies by 121.4% during the fourth quarter. Great West Life Assurance Co. Can now owns 8,292 shares of the company’s stock valued at $77,000 after buying an additional 4,546 shares during the period.

Shares of NYSE AQUA traded down $0.18 during midday trading on Monday, reaching $14.01. The company had a trading volume of 2,545 shares, compared to its average volume of 620,185. The company’s 50-day moving average is $13.11. Evoqua Water Technologies has a 1 year low of $7.92 and a 1 year high of $22.25.

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

Separately, Citigroup set a $12.00 target price on shares of Avaya and gave the company a “hold” rating in a research report on Monday, July 8th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $15.67.

Evoqua Water Technologies Company Profile

Evoqua Water Technologies Corp. provides a range of water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and services. It operates in three segments: Industrial, Municipal, and Products. The Industrial segment offers capital systems and related recurring aftermarket services, parts, and consumables, as well as long-term and short-term service contracts, and emergency services for treating industrial process water, utility water, and wastewater.

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