SSE plc (OTCMKTS:SSEZY) Sees Large Decrease in Short Interest

SSE plc (OTCMKTS:SSEZY) saw a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 900 shares, a decline of 71.0% from the October 31st total of 3,100 shares. Based on an average daily trading volume, of 167,000 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

SSEZY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of SSE in a research note on Wednesday, October 2nd. They set a “hold” rating on the stock. Citigroup downgraded SSE from a “hold” rating to a “strong sell” rating in a research report on Friday, October 25th. Finally, Barclays upgraded SSE to a “strong-buy” rating in a research report on Monday, September 30th.

SSE Trading Up 1.6 %

Shares of SSEZY traded up $0.34 during mid-day trading on Friday, reaching $22.08. The stock had a trading volume of 79,308 shares, compared to its average volume of 110,762. The business has a fifty day moving average of $23.69 and a 200 day moving average of $24.01. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.03 and a current ratio of 1.10. SSE has a 12 month low of $19.63 and a 12 month 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.