Centrica PLC (OTCMKTS:CPYYY) Short Interest Up 468.5% in August

Centrica PLC (OTCMKTS:CPYYY) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 44,420 shares, an increase of 468.5% from the August 15th total of 7,814 shares. Based on an average trading volume of 187,170 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Kepler Capital Markets raised shares of Centrica from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. HSBC raised shares of Centrica from a “hold” rating to a “buy” rating in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Centrica Trading Down 0.5%

Shares of Centrica stock opened at $8.38 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.67. The stock’s fifty day moving average is $8.70 and its two-hundred day moving average is $10.05. Centrica has a 52 week low of $8.07 and a 52 week high of $12.15.

About Centrica

Centrica plc is a United Kingdom-based energy services company focused on supplying energy and providing related services to households and businesses. Its principal consumer brand, British Gas, offers electricity and natural gas, home energy management, boiler and heating services, and maintenance solutions. Centrica also provides connected-home products and services through offerings associated with the British Gas and Hive brands.

Through its business operations, Centrica participates in energy supply, energy trading, power generation, and customer-focused energy solutions.