Short Interest in Severn Trent PLC (OTCMKTS:STRNY) Expands By 323.4%

Severn Trent PLC (OTCMKTS:STRNY) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 45,300 shares, a growth of 323.4% from the October 31st total of 10,700 shares. Based on an average trading volume of 35,500 shares, the short-interest ratio is currently 1.3 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays lowered Severn Trent from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 5th. Citigroup upgraded Severn Trent from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 5th.

Severn Trent Price Performance

OTCMKTS STRNY traded down $0.32 during trading hours on Wednesday, reaching $35.09. The stock had a trading volume of 10,685 shares, compared to its average volume of 32,400. The stock has a fifty day moving average of $34.62 and a 200 day moving average of $33.43. Severn Trent has a 52-week low of $29.00 and a 52-week high of $36.56.

Severn Trent Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, January 21st. Investors of record on Monday, December 2nd will be given a $0.6167 dividend. The ex-dividend date of this dividend is Monday, December 2nd. Severn Trent’s dividend payout ratio is currently 137.91%.

Severn Trent Company Profile

Severn Trent PLC operates as a water and sewerage company in England and Wales. It operates through two segments: Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment offers water and waste water services to approximately 4.8 million households and businesses.