SSE plc (OTCMKTS:SSEZY) Short Interest Up 67.1% in January

SSE plc (OTCMKTS:SSEZY) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 116,500 shares, an increase of 67.1% from the January 15th total of 69,700 shares. Based on an average daily volume of 339,000 shares, the days-to-cover ratio is presently 0.3 days.

SSE Stock Down 1.2 %

Shares of OTCMKTS:SSEZY opened at $18.96 on Thursday. SSE has a 12-month low of $18.76 and a 12-month high of $27.01. The business has a 50 day moving average of $20.17 and a two-hundred day moving average of $22.84. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.92 and a quick ratio of 0.85.

SSE Cuts Dividend

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

Analyst Upgrades and Downgrades

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

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.