SSE plc (OTCMKTS:SSEZY) Short Interest Down 95.8% in December

SSE plc (OTCMKTS:SSEZY) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 1,400 shares, a decrease of 95.8% from the December 15th total of 33,000 shares. Based on an average daily trading volume, of 387,000 shares, the days-to-cover ratio is currently 0.0 days.

SSE Price Performance

SSE stock traded down $0.66 during mid-day trading on Monday, reaching $18.95. The company’s stock had a trading volume of 151,647 shares, compared to its average volume of 297,858. The firm’s fifty day moving average price is $21.12 and its two-hundred day moving average price is $23.48. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.68. SSE has a 12-month low of $18.76 and a 12-month high of $27.01.

SSE Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 6th. Investors of record on Friday, January 3rd will be given a dividend of $0.2658 per share. The ex-dividend date of this dividend is Friday, January 3rd.

Analysts Set New Price Targets

SSEZY has been the subject of several research analyst reports. Barclays upgraded shares of SSE to a “strong-buy” rating in a research note on Monday, September 30th. Citigroup lowered SSE from a “hold” rating to a “strong sell” rating in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft started coverage on SSE in a research note on Wednesday, October 2nd. They set a “hold” rating for the company.

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.