SSE plc (OTCMKTS:SSEZY) Short Interest Update

SSE plc (OTCMKTS:SSEZY) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 34,600 shares, a drop of 70.3% from the January 31st total of 116,500 shares. Based on an average daily volume of 178,000 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

A number of brokerages recently commented on SSEZY. UBS Group upgraded shares of SSE from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Citigroup raised SSE from a “strong sell” rating to a “hold” rating in a research report on Monday, January 20th.

SSE Trading Up 2.6 %

Shares of OTCMKTS:SSEZY opened at $19.43 on Friday. The firm has a 50 day simple moving average of $19.69 and a 200-day simple moving average of $22.38. SSE has a twelve month low of $18.60 and a twelve month high of $27.01. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 0.92.

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.