Short Interest in SSE plc (OTCMKTS:SSEZY) Drops By 77.8%

SSE plc (OTCMKTS:SSEZY) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 200 shares, a decline of 77.8% from the November 15th total of 900 shares. Based on an average daily volume of 265,100 shares, the short-interest ratio is currently 0.0 days.

SSE Stock Performance

OTCMKTS SSEZY traded down $0.21 during trading on Wednesday, hitting $21.17. The stock had a trading volume of 155,183 shares, compared to its average volume of 89,199. SSE has a 12 month low of $19.63 and a 12 month high of $27.01. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is $23.01 and its two-hundred day moving average price is $23.95.

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 issued a dividend of $0.2658 per share. The ex-dividend date is Friday, January 3rd.

Analyst Ratings Changes

A number of brokerages have weighed in on SSEZY. Citigroup lowered shares of SSE from a “hold” rating to a “strong sell” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft started coverage on shares of SSE in a research report on Wednesday, October 2nd. They issued a “hold” rating on the stock. Finally, Barclays upgraded SSE to a “strong-buy” rating in a report on Monday, September 30th.

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.