Short Interest in SSE plc (OTCMKTS:SSEZY) Grows By 67.1%

SSE plc (OTCMKTS:SSEZY) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 116,500 shares, a growth of 67.1% from the January 15th total of 69,700 shares. Based on an average trading volume of 339,000 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

SSEZY has been the topic of a number of recent research reports. Citigroup raised shares of SSE from a “strong sell” rating to a “hold” rating in a report on Monday, January 20th. UBS Group raised shares of SSE from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th.

SSE Stock Performance

Shares of OTCMKTS:SSEZY opened at $19.18 on Friday. The firm’s 50 day moving average is $20.01 and its two-hundred day moving average is $22.75. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 0.92. SSE has a 52 week low of $18.76 and a 52 week high of $27.01.

SSE Cuts Dividend

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