Sse Plc (OTCMKTS:SSEZY) Sees Significant Increase in Short Interest

Sse Plc (OTCMKTS:SSEZY) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 193,308 shares, an increase of 640.1% from the May 31st total of 26,118 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 621,581 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

SSEZY has been the subject of several research analyst reports. The Goldman Sachs Group restated a “neutral” rating on shares of SSE in a research note on Monday, March 23rd. Zacks Research raised shares of SSE from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

SSE Price Performance

OTCMKTS:SSEZY opened at $32.05 on Friday. SSE has a one year low of $21.70 and a one year high of $37.51. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.54. The firm’s fifty day moving average is $33.02 and its two-hundred day moving average is $33.27.

About SSE

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.