Severn Trent PLC (OTCMKTS:STRNY) Sees Significant Drop in Short Interest

Severn Trent PLC (OTCMKTS:STRNY) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 5,200 shares, a decrease of 17.5% from the August 15th total of 6,300 shares. Based on an average daily trading volume, of 56,300 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Barclays lowered Severn Trent from a “strong-buy” rating to a “hold” rating in a report on Monday, August 5th.

Severn Trent Stock Performance

Shares of STRNY stock opened at $35.71 on Tuesday. The stock’s 50-day moving average price is $33.42 and its 200 day moving average price is $32.41. Severn Trent has a 52-week low of $27.39 and a 52-week high of $35.79.

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.