SSE plc (OTCMKTS:SSEZY) Short Interest Down 73.1% in October

SSE plc (OTCMKTS:SSEZY) saw a large decline in short interest in October. As of October 15th, there was short interest totalling 8,100 shares, a decline of 73.1% from the September 30th total of 30,100 shares. Based on an average daily trading volume, of 209,300 shares, the short-interest ratio is presently 0.0 days.

SSE Trading Down 1.8 %

Shares of SSEZY traded down $0.43 during trading hours on Friday, hitting $23.58. 23,631 shares of the company were exchanged, compared to its average volume of 88,137. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.03 and a current ratio of 1.10. The firm has a fifty day simple moving average of $25.37 and a 200-day simple moving average of $23.87. SSE has a one year low of $19.34 and a one year high of $27.01.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SSEZY shares. Barclays raised shares of SSE to a “strong-buy” rating in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft started coverage on shares of SSE in a research note on Wednesday, October 2nd. They set a “hold” rating for the company.

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.