Severn Trent PLC (OTCMKTS:STRNY) Sees Significant Decline in Short Interest

Severn Trent PLC (OTCMKTS:STRNY – Get Free Report) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 1,360 shares, a decrease of 75.0% from the April 15th total of 5,434 shares. Based on an average daily volume of 27,000 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

STRNY has been the topic of a number of research analyst reports. Zacks Research downgraded Severn Trent from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. Kepler Capital Markets downgraded Severn Trent from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Finally, Citigroup downgraded Severn Trent from a “buy” rating to a “neutral” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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Severn Trent Trading Down 0.8%

Shares of OTCMKTS:STRNY traded down $0.34 during midday trading on Wednesday, reaching $42.42. 8,132 shares of the company’s stock traded hands, compared to its average volume of 14,134. Severn Trent has a one year low of $33.73 and a one year high of $45.46. The stock has a 50 day moving average of $42.46 and a 200 day moving average of $40.19.

About Severn Trent

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Severn Trent Plc (OTCMKTS:STRNY) is an integrated water utility company based in Coventry, United Kingdom, specializing in the provision of water supply and wastewater treatment services. As one of the principal regulated water and sewerage companies in England and Wales, it delivers clean drinking water to households and businesses, manages sewer networks, operates sewage treatment works, and maintains extensive water infrastructure across its service regions. Its operations are governed by regulatory frameworks that aim to ensure high standards of water quality, environmental protection, and customer service.

The company traces its origins to the privatization of the regional water authorities in England and Wales in 1989.

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