SSE plc (OTCMKTS:SSEZY) Sees Large Drop in Short Interest

SSE plc (OTCMKTS:SSEZY) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 34,600 shares, a drop of 70.3% from the January 31st total of 116,500 shares. Based on an average daily volume of 178,000 shares, the days-to-cover ratio is presently 0.2 days.

SSE Price Performance

OTCMKTS SSEZY opened at $19.43 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.92 and a debt-to-equity ratio of 0.64. The company has a fifty day moving average of $19.69 and a two-hundred day moving average of $22.40. SSE has a 52 week low of $18.60 and a 52 week high of $27.01.

Analyst Ratings Changes

A number of research firms recently weighed in on SSEZY. UBS Group raised shares of SSE from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Citigroup raised shares of SSE from a “strong sell” rating to a “hold” rating in a 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.