Short Interest in SSE plc (OTCMKTS:SSEZY) Drops By 77.8%

SSE plc (OTCMKTS:SSEZY) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 200 shares, a decline of 77.8% from the November 15th total of 900 shares. Based on an average daily trading volume, of 265,100 shares, the days-to-cover ratio is presently 0.0 days.

SSE Stock Down 1.0 %

Shares of SSEZY stock traded down $0.21 during trading on Wednesday, hitting $21.17. The company had a trading volume of 155,183 shares, compared to its average volume of 89,199. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.68. The stock’s 50-day moving average price is $23.01 and its 200 day moving average price is $23.95. SSE has a one year low of $19.63 and a one year high of $27.01.

SSE Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 6th. Investors of record on Friday, January 3rd will be paid a $0.2658 dividend. The ex-dividend date is Friday, January 3rd.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barclays raised SSE to a “strong-buy” rating in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft assumed coverage on SSE in a research note on Wednesday, October 2nd. They issued a “hold” rating for the company. Finally, Citigroup cut SSE from a “hold” rating to a “strong sell” rating in a research note on Friday, October 25th.

About SSE

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.