Artesian Resources Co. (NASDAQ:ARTNA – Get Free Report) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 87,900 shares, a growth of 21.6% from the February 13th total of 72,300 shares. Based on an average trading volume of 40,700 shares, the short-interest ratio is currently 2.2 days. Currently, 1.1% of the company’s shares are sold short.
Artesian Resources Stock Performance
Shares of NASDAQ:ARTNA opened at $32.16 on Tuesday. The company has a market capitalization of $331.18 million, a price-to-earnings ratio of 16.49 and a beta of 0.19. The firm’s 50 day simple moving average is $31.31 and its 200 day simple moving average is $33.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.22 and a quick ratio of 1.07. Artesian Resources has a fifty-two week low of $29.45 and a fifty-two week high of $41.29.
Artesian Resources Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.3014 per share. This is an increase from Artesian Resources’s previous quarterly dividend of $0.30. This represents a $1.21 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Friday, February 7th. Artesian Resources’s dividend payout ratio (DPR) is 61.54%.
Institutional Trading of Artesian Resources
Artesian Resources Company Profile
Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware.
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