Severn Trent PLC (OTCMKTS:STRNY – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 6,562 shares, a drop of 75.2% from the May 31st total of 26,469 shares. Based on an average trading volume of 77,694 shares, the short-interest ratio is currently 0.1 days.
Severn Trent Price Performance
OTCMKTS:STRNY opened at $39.31 on Friday. Severn Trent has a one year low of $33.73 and a one year high of $45.46. The company’s 50-day simple moving average is $41.28 and its 200 day simple moving average is $40.85.
Analysts Set New Price Targets
STRNY has been the subject of several recent analyst reports. Zacks Research raised shares of Severn Trent from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Royal Bank Of Canada restated a “sector perform” rating on shares of Severn Trent in a report on Monday, June 1st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Severn Trent in a research report on Thursday, June 11th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.
About Severn Trent
Severn Trent Plc (OTCMKTS:STRNY) is an integrated water utility company based in Coventry, United Kingdom, specializing in the provision of water supply and wastewater treatment services. As one of the principal regulated water and sewerage companies in England and Wales, it delivers clean drinking water to households and businesses, manages sewer networks, operates sewage treatment works, and maintains extensive water infrastructure across its service regions. Its operations are governed by regulatory frameworks that aim to ensure high standards of water quality, environmental protection, and customer service.
The company traces its origins to the privatization of the regional water authorities in England and Wales in 1989.
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