SSE plc (OTCMKTS:SSEZY - Get Free Report) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 1,400 shares, a drop of 95.8% from the December 31st total of 33,000 shares. Based on an average trading volume of 387,000 shares, the short-interest ratio is presently 0.0 days.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. UBS Group upgraded SSE from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. Citigroup upgraded SSE from a "strong sell" rating to a "hold" rating in a report on Monday, January 20th.
Read Our Latest Stock Analysis on SSE
SSE Price Performance
OTCMKTS:SSEZY traded up $0.29 during mid-day trading on Friday, hitting $20.30. The stock had a trading volume of 97,851 shares, compared to its average volume of 215,842. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The company has a 50 day simple moving average of $20.51 and a 200-day simple moving average of $23.09. SSE has a 52 week low of $18.76 and a 52 week high of $27.01.
SSE Cuts Dividend
The business also recently declared a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.2658 per share. The ex-dividend date is Friday, January 3rd.
SSE Company Profile
(
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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.
Further Reading
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