Short Interest in Centrica plc (OTCMKTS:CPYYY) Decreases By 74.0%

Centrica plc (OTCMKTS:CPYYY) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 6,900 shares, a decrease of 74.0% from the August 15th total of 26,500 shares. Based on an average trading volume of 13,100 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

A number of research firms have commented on CPYYY. UBS Group upgraded shares of Centrica to a “strong-buy” rating in a research note on Wednesday, June 26th. The Goldman Sachs Group raised shares of Centrica to a “strong-buy” rating in a report on Thursday, July 25th. Berenberg Bank raised shares of Centrica from a “hold” rating to a “buy” rating in a report on Monday, July 1st. Finally, Jefferies Financial Group raised shares of Centrica from a “hold” rating to a “buy” rating in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $190.00.

Centrica Stock Up 0.6 %

Shares of OTCMKTS:CPYYY traded up $0.04 on Thursday, reaching $6.22. 2,970 shares of the company’s stock were exchanged, compared to its average volume of 12,763. Centrica has a fifty-two week low of $6.09 and a fifty-two week high of $8.61. The business’s 50-day moving average is $6.80 and its two-hundred day moving average is $6.77. The company has a quick ratio of 1.35, a current ratio of 1.44 and a debt-to-equity ratio of 0.73.

About Centrica

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Centrica Energy, and Upstream segments.