Short Interest in SSE PLC (OTCMKTS:SSEZY) Increases By 738.5%

SSE PLC (OTCMKTS:SSEZY) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 32,700 shares, an increase of 738.5% from the September 15th total of 3,900 shares. Based on an average trading volume of 593,300 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 593,300 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of SSE from a “strong-buy” rating to a “hold” rating in a report 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

SSE Stock Performance

SSEZY stock opened at $25.51 on Friday. The company has a 50-day simple moving average of $23.54 and a 200 day simple moving average of $23.74. SSE has a fifty-two week low of $18.60 and a fifty-two week high of $27.32. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.68.

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.