Wednesday, June 27, 2007

Basin Water Inc (BWTR)

trades only 200,000 shares/ day on average and that makes the 3.8 million share short position difficult to cover. The volume has been increasing lately and it looks like the stock could get going soon. I thik a stop under 7.00 makes sense.

Basin Water, Inc. designs, builds and implements systems for the treatment of contaminated groundwater. The Company has developed a ion-exchange treatment system that reduces groundwater contaminant levels. Basin Water, Inc. markets its system to utilities, cities, municipalities, special districts, real estate developers and other organizations that supply water, collectively referred to as water providers, for use in treating groundwater sources. The Company has 75 systems on order or under contract in California, Arizona and New Jersey with an aggregate installed capacity of approximately 105,000 acre-feet per year, or approximately 94.2 billion gallons per year. Its customers include American Water, Aqua America, California Water Service Group and American States Water Company.