SSE plc (OTCMKTS:SSEZY) Sees Large Growth in Short Interest

SSE plc (OTCMKTS:SSEZY - Get Free Report) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 69,700 shares, a growth of 4,878.6% from the December 31st total of 1,400 shares. Based on an average daily volume of 455,000 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Several research firms have issued reports on SSEZY. Citigroup upgraded shares of SSE from a "strong sell" rating to a "hold" rating in a research report on Monday, January 20th. UBS Group upgraded SSE from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 9th.

SSE Stock Performance

SSEZY traded up $0.12 during trading on Wednesday, reaching $20.58. 105,954 shares of the company's stock were exchanged, compared to its average volume of 206,120. SSE has a fifty-two week low of $18.76 and a fifty-two week high of $27.01. The company's fifty day moving average price is $20.42 and its 200-day moving average price is $23.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.92 and a quick ratio of 0.85.

SSE Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 6th. Investors of record on Friday, January 3rd will be paid a $0.2658 dividend. The ex-dividend date is Friday, January 3rd.

About SSE

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.