Short Interest in SSE plc (OTCMKTS:SSEZY) Increases By 197.7%

SSE plc (OTCMKTS:SSEZY) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 117,300 shares, an increase of 197.7% from the February 28th total of 39,400 shares. Based on an average daily volume of 773,400 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

SSE Stock Performance

SSEZY opened at $21.18 on Friday. The business’s 50-day simple moving average is $19.72 and its 200-day simple moving average is $21.66. SSE has a one year low of $18.60 and a one year high of $27.01. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SSEZY shares. Citigroup raised SSE from a “strong sell” rating to a “hold” rating in a research report on Monday, January 20th. Royal Bank of Canada reissued an “outperform” rating on shares of SSE in a research report on Thursday. Finally, UBS Group raised shares of SSE from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

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.