Short Interest in Centrica PLC (OTCMKTS:CPYYY) Increases By 468.5%

Centrica PLC (OTCMKTS:CPYYY) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 44,420 shares, a growth of 468.5% from the August 15th total of 7,814 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 187,170 shares, the short-interest ratio is currently 0.2 days.

Centrica Trading Down 0.8%

Shares of OTCMKTS:CPYYY opened at $8.31 on Friday. The stock has a 50-day simple moving average of $8.68 and a 200-day simple moving average of $10.04. Centrica has a 1 year low of $8.07 and a 1 year high of $12.15. The company has a current ratio of 1.43, a quick ratio of 1.37 and a debt-to-equity ratio of 0.67.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CPYYY shares. Kepler Capital Markets upgraded Centrica from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. HSBC upgraded Centrica from a “hold” rating to a “buy” rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Centrica Company Profile

Centrica plc is a United Kingdom-based energy services company focused on supplying energy and providing related services to households and businesses. Its principal consumer brand, British Gas, offers electricity and natural gas, home energy management, boiler and heating services, and maintenance solutions. Centrica also provides connected-home products and services through offerings associated with the British Gas and Hive brands.

Through its business operations, Centrica participates in energy supply, energy trading, power generation, and customer-focused energy solutions.