Severn Trent PLC (OTCMKTS:STRNY) Short Interest Down 55.6% in June

Severn Trent PLC (OTCMKTS:STRNY) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 2,915 shares, a decrease of 55.6% from the June 15th total of 6,562 shares. Based on an average daily trading volume, of 55,129 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on STRNY shares. Zacks Research upgraded shares of Severn Trent from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Severn Trent in a research note on Monday, June 1st. BNP Paribas Exane assumed coverage on shares of Severn Trent in a report on Monday, June 29th. They issued a “neutral” rating for the company. Finally, Citigroup restated a “neutral” rating on shares of Severn Trent in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Severn Trent has an average rating of “Hold”.

Severn Trent Price Performance

Shares of OTCMKTS:STRNY remained flat at $40.78 on Tuesday. The company’s stock had a trading volume of 14,160 shares, compared to its average volume of 18,686. The firm’s 50-day moving average price is $40.70 and its 200-day moving average price is $41.11. Severn Trent has a 1 year low of $33.73 and a 1 year high of $45.46.

About Severn Trent

Severn Trent Plc (OTCMKTS:STRNY) is an integrated water utility company based in Coventry, United Kingdom, specializing in the provision of water supply and wastewater treatment services. As one of the principal regulated water and sewerage companies in England and Wales, it delivers clean drinking water to households and businesses, manages sewer networks, operates sewage treatment works, and maintains extensive water infrastructure across its service regions. Its operations are governed by regulatory frameworks that aim to ensure high standards of water quality, environmental protection, and customer service.

The company traces its origins to the privatization of the regional water authorities in England and Wales in 1989.