Short Interest in SSE plc (OTCMKTS:SSEZY) Rises By 4,878.6%

SSE plc (OTCMKTS:SSEZY) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 69,700 shares, a growth of 4,878.6% from the December 31st total of 1,400 shares. Based on an average trading volume of 455,000 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

SSEZY has been the subject of several research analyst reports. UBS Group raised shares of SSE from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Citigroup upgraded shares of SSE from a “strong sell” rating to a “hold” rating in a report on Monday, January 20th.

SSE Stock Up 0.4 %

SSEZY traded up $0.09 during midday trading on Friday, hitting $20.44. 77,761 shares of the company were exchanged, compared to its average volume of 215,842. The company’s 50 day simple moving average is $20.48 and its 200 day simple moving average is $23.07. SSE has a 1-year low of $18.76 and a 1-year high of $27.01. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.92 and a quick ratio of 0.85.

SSE Cuts Dividend

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

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.