Short Interest in Severn Trent PLC (OTCMKTS:STRNY) Decreases By 30.9%

Severn Trent PLC (OTCMKTS:STRNY) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 31,300 shares, a decrease of 30.9% from the November 15th total of 45,300 shares. Based on an average daily trading volume, of 35,500 shares, the days-to-cover ratio is presently 0.9 days.

Severn Trent Stock Down 0.9 %

Shares of STRNY stock traded down $0.31 during trading on Friday, reaching $32.65. The company had a trading volume of 14,515 shares, compared to its average volume of 31,984. The firm’s 50 day simple moving average is $34.32 and its two-hundred day simple moving average is $33.51. Severn Trent has a one year low of $29.00 and a one year high of $36.56.

Severn Trent Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Investors of record on Monday, December 2nd will be paid a dividend of $0.6167 per share. The ex-dividend date of this dividend is Monday, December 2nd. Severn Trent’s dividend payout ratio is currently 137.91%.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of Severn Trent from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 5th.

About Severn Trent

Severn Trent PLC operates as a water and sewerage company in England and Wales. It operates through two segments: Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment offers water and waste water services to approximately 4.8 million households and businesses.