Aris Water Solutions, Inc. (NYSE:ARIS) Short Interest Update

Aris Water Solutions, Inc. (NYSE:ARIS) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,830,000 shares, an increase of 8.9% from the January 15th total of 1,680,000 shares. Approximately 7.2% of the company’s shares are sold short. Based on an average daily volume of 687,800 shares, the short-interest ratio is currently 2.7 days.

Aris Water Solutions Trading Up 2.1 %

Shares of NYSE:ARIS opened at $27.65 on Tuesday. The company has a market cap of $1.61 billion, a PE ratio of 34.56 and a beta of 1.94. The company’s 50-day moving average price is $26.28 and its 200 day moving average price is $21.40. Aris Water Solutions has a fifty-two week low of $9.17 and a fifty-two week high of $30.40. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62.

Wall Street Analyst Weigh In

ARIS has been the topic of several analyst reports. The Goldman Sachs Group lifted their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their price target for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $19.00 to $22.00 in a research note on Wednesday, November 6th. Stifel Nicolaus lifted their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company raised their price objective on shares of Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.50.

Insiders Place Their Bets

In other news, insider S Corp Gable sold 331,181 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $25.16, for a total value of $8,332,513.96. Following the transaction, the insider now owns 2,268,559 shares of the company’s stock, valued at approximately $57,076,944.44. This trade represents a 12.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $25.81, for a total transaction of $83,202,922.70. The disclosure for this sale can be found here. Insiders have sold a total of 4,159,678 shares of company stock valued at $106,807,774 over the last quarter. Company insiders own 23.06% of the company’s stock.

Institutional Trading of Aris Water Solutions

Several hedge funds have recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Aris Water Solutions during the 4th quarter worth about $27,000. Larson Financial Group LLC bought a new stake in shares of Aris Water Solutions in the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Aris Water Solutions in the 4th quarter worth approximately $33,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Aris Water Solutions in the 4th quarter worth approximately $52,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Aris Water Solutions in the 3rd quarter worth approximately $39,000. 39.71% of the stock is currently owned by institutional investors.

Aris Water Solutions Company Profile

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.