SSE plc (OTCMKTS:SSEZY) Short Interest Up 197.7% in March

SSE plc (OTCMKTS:SSEZY) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 117,300 shares, an increase of 197.7% from the February 28th total of 39,400 shares. Based on an average daily trading volume, of 773,400 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

SSE Stock Performance

Shares of SSEZY traded up $0.17 during trading hours on Thursday, hitting $20.32. The company had a trading volume of 45,852 shares, compared to its average volume of 198,775. The company’s fifty day moving average price is $19.68 and its two-hundred day moving average price is $21.70. SSE has a one year low of $18.60 and a one year high of $27.01. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64.

Wall Street Analysts Forecast Growth

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