Severn Trent PLC (OTCMKTS:STRNY) Sees Large Increase in Short Interest

Severn Trent PLC (OTCMKTS:STRNY) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 45,300 shares, a growth of 323.4% from the October 31st total of 10,700 shares. Based on an average daily trading volume, of 35,500 shares, the days-to-cover ratio is presently 1.3 days.

Severn Trent Price Performance

OTCMKTS STRNY traded down $0.32 during trading hours on Thursday, reaching $35.09. The company’s stock had a trading volume of 10,685 shares, compared to its average volume of 32,400. The company’s 50-day moving average is $34.62 and its two-hundred day moving average is $33.44. Severn Trent has a fifty-two week low of $29.00 and a fifty-two week high of $36.56.

Severn Trent Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.6167 per share. The ex-dividend date is Monday, December 2nd. Severn Trent’s dividend payout ratio (DPR) is 137.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Citigroup upgraded shares of Severn Trent from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Barclays downgraded Severn Trent from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th.

About Severn Trent

Severn Trent PLC operates as a water and sewerage company in England and Wales. It operates through two segments: Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment offers water and waste water services to approximately 4.8 million households and businesses.