Short Interest in SSE plc (OTCMKTS:SSEZY) Expands By 16,400.0%

SSE plc (OTCMKTS:SSEZY) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 33,000 shares, an increase of 16,400.0% from the November 30th total of 200 shares. Based on an average daily volume of 173,300 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Several research analysts recently weighed in on SSEZY shares. Barclays upgraded shares of SSE to a “strong-buy” rating in a research report on Monday, September 30th. Citigroup downgraded SSE from a “hold” rating to a “strong sell” rating in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on SSE in a report on Wednesday, October 2nd. They issued a “hold” rating on the stock.

SSE Price Performance

Shares of SSEZY traded up $0.02 on Friday, reaching $20.15. 179,883 shares of the company’s stock were exchanged, compared to its average volume of 93,128. The business has a 50 day moving average price of $21.89 and a two-hundred day moving average price of $23.70. SSE has a 12 month low of $18.76 and a 12 month high of $27.01. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.68.

SSE Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.2658 per share. The ex-dividend date of this dividend is Friday, January 3rd.

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.