What Next for Artesian Resources Corporation – Class A Non-votin (NASDAQ:ARTNA) Stock After Decrease in Shorted Shares?

September 16, 2018 - By Anthony Romero

Investors sentiment increased to 1 in Q2 2018. Its up 0.25, from 0.75 in 2018Q1. It improved, as 3 investors sold Artesian Resources Corporation shares while 25 reduced holdings. 8 funds opened positions while 20 raised stakes. 3.45 million shares or 2.09% less from 3.52 million shares in 2018Q1 were reported.
Barclays Public Ltd Liability Corporation accumulated 1,111 shares or 0% of the stock. Commercial Bank Of Montreal Can owns 6,248 shares or 0% of their US portfolio. Creative Planning accumulated 0% or 13,968 shares. Strs Ohio reported 12,400 shares. Manufacturers Life Insur Company The accumulated 0% or 8,023 shares. North Star Invest Management holds 0.12% or 26,008 shares. First Advsrs Lp holds 9,461 shares or 0% of its portfolio. State Common Retirement Fund invested in 0% or 29,205 shares. Goldman Sachs Inc invested in 6,386 shares or 0% of the stock. New York-based Blackrock has invested 0% in Artesian Resources Corporation (NASDAQ:ARTNA). Pnc Svcs Grp invested 0% in Artesian Resources Corporation (NASDAQ:ARTNA). Manchester Capital Management Limited Liability Co stated it has 21,109 shares. Deutsche State Bank Ag stated it has 0% of its portfolio in Artesian Resources Corporation (NASDAQ:ARTNA). Bnp Paribas Arbitrage stated it has 269 shares. Fruth Invest Management stated it has 11,150 shares.

The stock of Artesian Resources Corporation – Class A Non-votin (NASDAQ:ARTNA) registered a decrease of 3.95% in short interest. ARTNA’s total short interest was 36,500 shares in September as published by FINRA. Its down 3.95% from 38,000 shares, reported previously. With 14,800 shares average volume, it will take short sellers 3 days to cover their ARTNA’s short positions. The short interest to Artesian Resources Corporation – Class A Non-votin’s float is 0.44%.

The stock increased 0.03% or $0.01 during the last trading session, reaching $36.37. About 5,812 shares traded. Artesian Resources Corporation (NASDAQ:ARTNA) has declined 2.53% since September 16, 2017 and is downtrending. It has underperformed by 18.15% the S&P500.

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services on the Delmarva Peninsula. The company has market cap of $334.50 million. The firm distributes and sells water to residential, commercial, industrial, municipal, and utility clients in the states of Delaware, Maryland, and Pennsylvania. It has a 22.45 P/E ratio. It also offers water for public and private fire protection to clients in its service territories.

Artesian Resources Corporation (NASDAQ:ARTNA) Institutional Positions Chart

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