Pure Cycle Co. (NASDAQ:PCYO) Short Interest Update

Pure Cycle Co. (NASDAQ:PCYO) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 105,800 shares, a growth of 10.0% from the May 15th total of 96,200 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,700 shares, the short-interest ratio is presently 6.7 days.

Several large investors have recently made changes to their positions in PCYO. Kennedy Capital Management Inc. grew its position in shares of Pure Cycle by 7.1% in the first quarter. Kennedy Capital Management Inc. now owns 1,106,276 shares of the utilities provider’s stock valued at $10,908,000 after purchasing an additional 72,883 shares during the period. Trigran Investments Inc. grew its position in Pure Cycle by 1.8% during the fourth quarter. Trigran Investments Inc. now owns 1,806,463 shares of the utilities provider’s stock valued at $17,938,000 after acquiring an additional 31,334 shares during the period. BlackRock Inc. grew its position in Pure Cycle by 2.1% during the fourth quarter. BlackRock Inc. now owns 898,556 shares of the utilities provider’s stock valued at $8,922,000 after acquiring an additional 18,418 shares during the period. Skylands Capital LLC grew its position in Pure Cycle by 24.0% during the first quarter. Skylands Capital LLC now owns 79,350 shares of the utilities provider’s stock valued at $782,000 after acquiring an additional 15,350 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Pure Cycle by 13.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 119,805 shares of the utilities provider’s stock valued at $1,189,000 after acquiring an additional 14,496 shares during the period. 65.56% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub raised Misonix from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 3rd.

Shares of NASDAQ:PCYO opened at $10.88 on Friday. The stock has a market capitalization of $258.97 million, a P/E ratio of 272.00 and a beta of 0.53. Pure Cycle has a 52 week low of $8.35 and a 52 week high of $11.74. The firm has a fifty day simple moving average of $10.07.

About Pure Cycle

Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development Activities. The company offers utility services, including water production, storage, treatment, wastewater collection and treatment, irrigation water treatment and transmission, construction management, billing and collection, and emergency response services, as well as bulk transmission services to retail distribution systems.

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