Short Interest in SSE plc (OTCMKTS:SSEZY) Drops By 86.2%

by · The Cerbat Gem

SSE plc (OTCMKTS:SSEZY – Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 30,100 shares, a decline of 86.2% from the September 15th total of 217,800 shares. Based on an average trading volume of 354,800 shares, the short-interest ratio is presently 0.1 days.

SSE Price Performance

OTCMKTS SSEZY traded down $0.18 on Thursday, hitting $24.16. 45,094 shares of the stock traded hands, compared to its average volume of 87,790. SSE has a 12 month low of $18.85 and a 12 month high of $27.01. The business’s fifty day moving average is $25.35 and its two-hundred day moving average is $23.59. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.10 and a quick ratio of 1.03.

Wall Street Analysts Forecast Growth

SSEZY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on SSE in a report on Wednesday, October 2nd. They set a “hold” rating for the company. Barclays upgraded SSE to a “strong-buy” rating in a research report on Monday, September 30th.

Check Out Our Latest Report on SSE

About SSE

(Get Free Report)

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.

See Also