Centrica PLC (OTCMKTS:CPYYY) Sees Significant Decrease in Short Interest

Centrica PLC (OTCMKTS:CPYYY – Get Free Report) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 479 shares, a decrease of 96.7% from the July 15th total of 14,324 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 138,878 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Several research firms have weighed in on CPYYY. Kepler Capital Markets upgraded shares of Centrica from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. HSBC upgraded shares of Centrica from a “hold” rating to a “buy” rating in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

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Centrica Price Performance

OTCMKTS CPYYY opened at $8.41 on Wednesday. Centrica has a fifty-two week low of $8.19 and a fifty-two week high of $12.15. The stock’s 50-day moving average is $9.25 and its two-hundred day moving average is $10.39. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.37 and a current ratio of 1.43.

About Centrica

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Centrica plc is a British multinational energy and services company headquartered in Windsor, England. The company operates across energy supply, services and solutions, delivering gas and electricity to residential, commercial and industrial customers. In addition to commodity supply, Centrica offers a range of services such as boiler installation and maintenance, smart home technology, and energy efficiency solutions through its field-based engineering teams.

Established in 1997 following the demerger of British Gas, Centrica has evolved through strategic acquisitions and divestments to focus on core markets and capabilities.

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