Severn Trent PLC (OTCMKTS:STRNY) Short Interest Down 36.3% in June

Severn Trent PLC (OTCMKTS:STRNY) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 70,200 shares, a decline of 36.3% from the May 31st total of 110,200 shares. Based on an average trading volume of 35,700 shares, the days-to-cover ratio is presently 2.0 days.

Severn Trent Stock Performance

Shares of OTCMKTS STRNY traded down $0.74 during midday trading on Friday, hitting $30.11. 43,262 shares of the company’s stock were exchanged, compared to its average volume of 33,050. Severn Trent has a 12 month low of $27.39 and a 12 month high of $35.54. The company’s 50 day moving average price is $32.02 and its 200 day moving average price is $32.19.

Severn Trent Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, July 29th. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.8434 per share. This is an increase from Severn Trent’s previous dividend of $0.54. The ex-dividend date is Monday, June 3rd. Severn Trent’s payout ratio is currently 205.04%.

About Severn Trent

Severn Trent PLC operates as a water and sewerage company in England and Wales. It operates through two segments: Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment offers water and waste water services to approximately 4.8 million households and businesses.