SSE PLC (OTCMKTS:SSEZY) Short Interest Down 88.5% in September

SSE PLC (OTCMKTS:SSEZY) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 3,900 shares, a decline of 88.5% from the August 31st total of 33,900 shares. Based on an average trading volume of 181,100 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 181,100 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Zacks Research downgraded SSE from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

SSE Price Performance

SSEZY stock opened at $23.79 on Thursday. SSE has a 1-year low of $18.60 and a 1-year high of $27.32. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.91 and a current ratio of 1.01. The business has a 50 day simple moving average of $23.67 and a two-hundred day simple moving average of $23.42.

SSE Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, July 28th were paid a $0.537 dividend. This represents a yield of 310.0%. The ex-dividend date was Friday, July 25th. This is a positive change from SSE’s previous dividend of $0.27.

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.