Short Interest in Sse Plc (OTCMKTS:SSEZY) Declines By 93.3%

Sse Plc (OTCMKTS:SSEZY) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 5,791 shares, a decline of 93.3% from the July 15th total of 86,423 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 861,959 shares, the days-to-cover ratio is currently 0.0 days.

SSE Trading Up 0.7%

SSE stock opened at $32.35 on Wednesday. SSE has a 12-month low of $21.70 and a 12-month high of $37.51. The company has a quick ratio of 1.12, a current ratio of 1.20 and a debt-to-equity ratio of 0.54. The firm’s fifty day moving average price is $32.21 and its 200 day moving average price is $33.83.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded SSE from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

SSE Company Profile

SSE plc (OTCMKTS:SSEZY) is a United Kingdom–based energy company engaged across the electricity value chain. Its principal activities include power generation, energy supply to residential and commercial customers, and ownership/operation of electricity networks. The company has a significant presence in renewable energy development alongside conventional generation, and it provides a range of energy-related services and infrastructure solutions.

On the generation side, SSE’s portfolio spans both low-carbon technologies—such as onshore and offshore wind and hydroelectric assets—and thermal generation that supports system reliability.