SSE plc (OTCMKTS:SSEZY) Short Interest Update

SSE plc (OTCMKTS:SSEZY) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 116,500 shares, an increase of 67.1% from the January 15th total of 69,700 shares. Based on an average daily trading volume, of 339,000 shares, the days-to-cover ratio is currently 0.3 days.

SSE Stock Performance

OTCMKTS:SSEZY opened at $18.96 on Thursday. The firm has a 50 day moving average of $20.17 and a 200 day moving average of $22.84. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.92 and a quick ratio of 0.85. SSE has a 52 week low of $18.76 and a 52 week high of $27.01.

SSE Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 6th. Investors of record on Friday, January 3rd will be paid a dividend of $0.2658 per share. The ex-dividend date is Friday, January 3rd.

Wall Street Analyst Weigh In

SSEZY has been the subject of several research reports. Citigroup raised shares of SSE from a “strong sell” rating to a “hold” rating in a report on Monday, January 20th. UBS Group upgraded SSE from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th.

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.