Short Interest in SSE plc (OTCMKTS:SSEZY) Increases By 197.7%

SSE plc (OTCMKTS:SSEZY) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 117,300 shares, a growth of 197.7% from the February 28th total of 39,400 shares. Based on an average trading volume of 773,400 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SSEZY. Citigroup raised SSE from a “strong sell” rating to a “hold” rating in a research note 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. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of SSE in a research report on Thursday. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

SSE Price Performance

Shares of SSEZY stock traded up $0.02 on Friday, reaching $20.34. 258,359 shares of the company’s stock were exchanged, compared to its average volume of 199,801. The company’s fifty day simple moving average is $19.69 and its 200 day simple moving average is $21.69. SSE has a 52 week low of $18.60 and a 52 week high of $27.01. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.92 and a quick ratio of 0.85.

About SSE

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.