SSE plc (OTCMKTS:SSEZY) Sees Significant Decline in Short Interest

SSE plc (OTCMKTS:SSEZY) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totalling 8,100 shares, a decline of 73.1% from the September 30th total of 30,100 shares. Based on an average daily volume of 209,300 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

SSEZY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft began coverage on SSE in a research report on Wednesday, October 2nd. They set a “hold” rating on the stock. Barclays upgraded SSE to a “strong-buy” rating in a research note on Monday, September 30th.

SSE Price Performance

Shares of SSEZY stock traded down $0.43 during trading on Friday, hitting $23.58. The company’s stock had a trading volume of 23,631 shares, compared to its average volume of 88,137. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.03 and a current ratio of 1.10. The business has a fifty day moving average of $25.37 and a 200-day moving average of $23.90. SSE has a 52 week low of $19.34 and a 52 week high of $27.01.

SSE Company Profile

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.