SSE plc (OTCMKTS:SSEZY) Sees Significant Decline in Short Interest

SSE plc (OTCMKTS:SSEZY) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 3,100 shares, a decline of 61.7% from the October 15th total of 8,100 shares. Based on an average daily trading volume, of 127,600 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Citigroup downgraded shares of SSE from a “hold” rating to a “strong sell” rating in a research report on Friday, October 25th. Barclays upgraded SSE to a “strong-buy” rating in a research report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft started coverage on SSE in a report on Wednesday, October 2nd. They issued a “hold” rating for the company.

SSE Trading Down 1.9 %

SSEZY traded down $0.42 on Wednesday, hitting $21.79. 137,294 shares of the stock traded hands, compared to its average volume of 69,332. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average price of $24.80 and a two-hundred day moving average price of $24.07. SSE has a 52 week low of $19.63 and a 52 week high of $27.01.

About SSE

SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and central southern England; and owns, operates, and develops high voltage electricity transmission system in the north of Scotland and remote islands.