Centrica plc (OTCMKTS:CPYYY) Short Interest Update

Centrica plc (OTCMKTS:CPYYY) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,900 shares, a drop of 24.0% from the September 15th total of 2,500 shares. Based on an average daily volume of 19,000 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CPYYY. The Goldman Sachs Group raised Centrica to a “strong-buy” rating in a research report on Thursday, July 25th. UBS Group raised Centrica to a “strong-buy” rating in a research report on Wednesday, June 26th. Jefferies Financial Group raised Centrica from a “hold” rating to a “buy” rating in a research report on Thursday, August 29th. Finally, Berenberg Bank raised shares of Centrica from a “hold” rating to a “buy” rating in a research note on Monday, July 1st.

Centrica Trading Up 4.1 %

Shares of CPYYY stock traded up $0.26 during mid-day trading on Monday, hitting $6.64. 4,514 shares of the stock were exchanged, compared to its average volume of 12,865. The firm has a fifty day moving average of $6.42 and a 200 day moving average of $6.72. Centrica has a 52-week low of $5.80 and a 52-week high of $8.13.

Centrica Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, November 25th. Investors of record on Friday, October 4th will be paid a $0.0691 dividend. The ex-dividend date is Friday, October 4th.

About Centrica

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Centrica Energy, and Upstream segments.