Short Interest in Centrica PLC (OTCMKTS:CPYYY) Expands By 574.4%

Centrica PLC (OTCMKTS:CPYYY) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 65,389 shares, an increase of 574.4% from the April 15th total of 9,696 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 74,019 shares, the short-interest ratio is currently 0.9 days.

Centrica Stock Down 0.7%

Centrica stock traded down $0.08 during mid-day trading on Tuesday, hitting $11.18. The company’s stock had a trading volume of 31,585 shares, compared to its average volume of 36,463. Centrica has a 12 month low of $7.50 and a 12 month high of $12.15. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.41 and a current ratio of 1.45. The business has a 50 day moving average price of $11.30 and a 200-day moving average price of $10.20.

Analyst Upgrades and Downgrades

CPYYY has been the subject of several recent analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Centrica in a research note on Wednesday, February 25th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Centrica in a research report on Wednesday, February 25th. Jefferies Financial Group cut shares of Centrica from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Kepler Capital Markets raised shares of Centrica from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Citigroup upgraded shares of Centrica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Centrica Company Profile

Centrica plc is a British multinational energy and services company headquartered in Windsor, England. The company operates across energy supply, services and solutions, delivering gas and electricity to residential, commercial and industrial customers. In addition to commodity supply, Centrica offers a range of services such as boiler installation and maintenance, smart home technology, and energy efficiency solutions through its field-based engineering teams.

Established in 1997 following the demerger of British Gas, Centrica has evolved through strategic acquisitions and divestments to focus on core markets and capabilities.