SSE plc (OTCMKTS:SSEZY) Short Interest Up 4,878.6% in January

SSE plc (OTCMKTS:SSEZY) was the recipient 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 daily volume of 455,000 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Several brokerages recently issued reports on SSEZY. Citigroup upgraded SSE from a “strong sell” rating to a “hold” rating in a research note on Monday, January 20th. UBS Group upgraded SSE from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th.

SSE Stock Up 0.4 %

OTCMKTS SSEZY traded up $0.09 during trading hours on Friday, hitting $20.44. The company had a trading volume of 77,761 shares, compared to its average volume of 215,842. SSE has a fifty-two week low of $18.76 and a fifty-two week 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. The business has a fifty day simple moving average of $20.48 and a 200-day simple moving average of $23.07.

SSE Cuts Dividend

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