Centrica plc (OTCMKTS:CPYYY) Sees Significant Growth in Short Interest

Centrica plc (OTCMKTS:CPYYY) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 5,900 shares, a growth of 210.5% from the September 30th total of 1,900 shares. Based on an average daily volume of 36,200 shares, the days-to-cover ratio is presently 0.2 days.

Centrica Stock Performance

OTCMKTS:CPYYY opened at $6.37 on Friday. The stock’s fifty day moving average is $6.42 and its 200 day moving average is $6.71. Centrica has a fifty-two week low of $5.80 and a fifty-two week high of $8.13.

Centrica Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, October 4th will be paid a $0.0691 dividend. The ex-dividend date of this dividend is Friday, October 4th.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. The Goldman Sachs Group raised Centrica to a “strong-buy” rating in a report on Thursday, July 25th. Berenberg Bank raised Centrica from a “hold” rating to a “buy” rating in a report on Monday, July 1st. Finally, Jefferies Financial Group raised Centrica from a “hold” rating to a “buy” rating in a report on Thursday, August 29th.

Centrica Company Profile

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.