Short Interest in Centrica plc (OTCMKTS:CPYYY) Declines By 21.5%

Centrica plc (OTCMKTS:CPYYY) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 7,300 shares, a decline of 21.5% from the February 28th total of 9,300 shares. Based on an average daily trading volume, of 21,800 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Barclays lowered shares of Centrica from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy”.

Centrica Stock Performance

Centrica stock opened at $7.68 on Tuesday. The business has a 50 day simple moving average of $7.30 and a 200 day simple moving average of $6.71. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.66 and a current ratio of 1.77. Centrica has a one year low of $5.80 and a one year high of $7.89.

About Centrica

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Centrica Energy, and Upstream segments.