Short Interest in Severn Trent PLC (OTCMKTS:STRNY) Rises By 323.4%

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 Stock Down 0.9 %

Shares of OTCMKTS:STRNY traded down $0.32 on Friday, hitting $35.09. 10,685 shares of the company’s stock were exchanged, compared to its average volume of 32,400. Severn Trent has a 12 month low of $29.00 and a 12 month high of $36.56. The business’s 50 day simple moving average is $34.61 and its two-hundred day simple moving average is $33.45.

Severn Trent Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Investors of record on Monday, December 2nd will be paid a $0.6167 dividend. The ex-dividend date is Monday, December 2nd. Severn Trent’s payout ratio is currently 137.91%.

Analyst Upgrades and Downgrades

Several research firms have commented on STRNY. Citigroup raised shares of Severn Trent from a “strong sell” rating to a “hold” rating in a research note 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.