Severn Trent PLC (OTCMKTS:STRNY) Short Interest Down 74.1% in August

Severn Trent PLC (OTCMKTS:STRNY) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 6,300 shares, a decrease of 74.1% from the July 31st total of 24,300 shares. Based on an average daily volume of 59,000 shares, the days-to-cover ratio is currently 0.1 days.

Severn Trent Stock Up 0.5 %

Severn Trent stock traded up $0.15 during trading hours on Wednesday, reaching $33.42. 3,023 shares of the stock were exchanged, compared to its average volume of 36,720. Severn Trent has a 52-week low of $27.39 and a 52-week high of $35.79. The firm’s 50 day moving average is $32.48 and its 200 day moving average is $32.16.

Analysts Set New Price Targets

Separately, Barclays downgraded shares of Severn Trent from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th.

Severn Trent Company Profile

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.