Manila Water Company, Inc. (OTCMKTS:MWTCY) Sees Large Increase in Short Interest

Manila Water Company, Inc. (OTCMKTS:MWTCY) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 88 shares, a growth of 39.7% from the March 15th total of 63 shares. Based on an average daily trading volume, of 4 shares, the days-to-cover ratio is presently 22.0 days.

Manila Water Stock Performance

OTCMKTS:MWTCY opened at C$18.12 on Thursday. Manila Water has a 12 month low of C$18.12 and a 12 month high of C$19.13. The stock has a 50 day moving average of C$17.53 and a two-hundred day moving average of C$17.45.

About Manila Water

Manila Water Company, Inc is a leading water utility operator in the Philippines, primarily engaged in the provision of potable water and wastewater services. Under a long-term concession agreement with the Metropolitan Waterworks and Sewerage System (MWSS), the company supplies water to the East Zone of Metro Manila, drawing raw water from regional sources and managing an integrated network of treatment plants, pumping stations and distribution pipelines.

In addition to core water distribution, Manila Water develops and implements sewerage and sanitation solutions, including the design, construction and operation of sewage treatment facilities.