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

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SSEZY shares. Citigroup upgraded shares of SSE from a “strong sell” rating to a “hold” rating in a report on Monday, January 20th. Barclays upgraded shares of SSE to a “strong-buy” rating in a report on Monday, September 30th. UBS Group upgraded shares of SSE from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of SSE in a report on Wednesday, October 2nd. They set a “hold” rating on the stock.

SSE Trading Up 1.6 %

SSE stock traded up $0.32 during midday trading on Tuesday, reaching $20.02. 186,293 shares of the stock traded hands, compared to its average volume of 216,107. The firm has a fifty day moving average price of $20.59 and a two-hundred day moving average price of $23.17. SSE has a fifty-two week low of $18.76 and a fifty-two week high of $27.01.

SSE Cuts Dividend

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

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.