Primo Water Corporation (PRMW)

[JefftDecker]

PRIMO WATER CORPORATION (NASDAQ:PRMW) SHORT INTEREST DECREASED BY 1.07%

The stock of Primo Water Corporation (NASDAQ:PRMW) registered a decrease of 1.07% in short interest. PRMW’s total short interest was 166,400 shares in July as published by FINRA. Its down 1.07% from 168,200 shares, reported previously. With 135,700 shares average volume, it will take short sellers 1 days to cover their PRMW’s short positions. The short interest to Primo Water Corporation’s float is 0.88%. The stock decreased 2.71% or $0.32 during the last trading session, hitting $11.49. About 131,974 shares traded hands. Primo Water Corporation (NASDAQ:PRMW) has risen 32.07% since November 25, 2015 and is uptrending. It has outperformed by 31.60% the S&P500.

Primo Water Corporation is a provider of multi-gallon purified bottled water, self-service refill water and water dispensers. The company has a market cap of $319.62 million. The Company’s products are sold through various retailers in the United States and Canada. It has a 93.14 P/E ratio. The Firm conducts its activities through two divisions: Primo Water and Primo Dispensers (Dispensers).

The institutional sentiment decreased to 1.55 in 2016 Q1. Its down 0.90, from 2.45 in 2015Q4. The ratio turned negative, as 13 funds sold all Primo Water Corporation shares owned while 20 reduced positions. 23 funds bought stakes while 28 increased positions. They now own 14.42 million shares or 5.91% more from 13.61 million shares in 2015Q4.

Manatuck Hill Partners Llc holds 6.39% of its portfolio in Primo Water Corporation for 1.78 million shares. Zelman Capital Llc owns 1.73 million shares or 5.12% of their US portfolio. Moreover, G2 Investment Partners Management Llc has 1.01% invested in the company for 206,860 shares. The Minnesota-based Blue Clay Capital Management Llc has invested 0.62% in the stock. Eam Investors Llc, a California-based fund reported 290,116 shares.

Out of 4 analysts covering Primo Water (NASDAQ:PRMW), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Primo Water has been the topic of 4 analyst reports since August 5, 2015 according to StockzIntelligence Inc.

http://presstelegraph.com/2016/07/01/primo-water-corporation-nasdaqprmw-short-interest-decreased-by-1-07/