SSE plc (OTCMKTS:SSEZY) Short Interest Update

SSE plc (OTCMKTS:SSEZY) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 69,700 shares, an increase of 4,878.6% from the December 31st total of 1,400 shares. Based on an average trading volume of 455,000 shares, the days-to-cover ratio is currently 0.2 days.

SSE Price Performance

OTCMKTS SSEZY traded up $0.09 on Friday, reaching $20.44. 77,761 shares of the stock traded hands, compared to its average volume of 215,842. SSE has a 12 month low of $18.76 and a 12 month high of $27.01. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The company has a fifty day moving average price of $20.48 and a 200-day moving average price of $23.07.

SSE Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 6th. Investors of record on Friday, January 3rd will be paid a $0.2658 dividend. The ex-dividend date is Friday, January 3rd.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SSEZY shares. Citigroup upgraded shares of SSE from a “strong sell” rating to a “hold” rating in a research note on Monday, January 20th. UBS Group upgraded shares of SSE from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th.

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.