Short Interest in SSE plc (OTCMKTS:SSEZY) Drops By 86.2%

SSE plc (OTCMKTS:SSEZY) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 30,100 shares, a decrease of 86.2% from the September 15th total of 217,800 shares. Based on an average daily volume of 354,800 shares, the short-interest ratio is currently 0.1 days.

SSE Stock Performance

SSEZY stock traded down $0.18 during mid-day trading on Thursday, reaching $24.16. The company had a trading volume of 45,094 shares, compared to its average volume of 87,790. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.68. SSE has a 52 week low of $18.85 and a 52 week high of $27.01. The stock has a 50 day simple moving average of $25.35 and a two-hundred day simple moving average of $23.59.

Wall Street Analyst Weigh In

SSEZY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft started coverage on SSE in a report on Wednesday, October 2nd. They set a “hold” rating on the stock. Barclays raised SSE to a “strong-buy” rating in a research report on Monday, September 30th.

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.