Sse Plc (OTCMKTS:SSEZY) Sees Large Growth in Short Interest

Sse Plc (OTCMKTS:SSEZY) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 67,871 shares, an increase of 94.3% from the August 31st total of 34,938 shares. Based on an average trading volume of 481,657 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein assumed coverage on SSE in a report on Thursday, September 3rd. They set an “outperform” rating on the stock. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SSE has an average rating of “Hold”.

SSE Trading Up 2.1%

Shares of SSEZY traded up $0.69 during midday trading on Wednesday, hitting $33.08. The company had a trading volume of 7,129 shares, compared to its average volume of 254,092. The company’s 50 day moving average price is $32.31 and its 200 day moving average price is $33.22. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.20 and a quick ratio of 1.12. SSE has a 52 week low of $23.06 and a 52 week high of $37.51.

SSE Company Profile

SSE plc is a UK-based energy company involved in the generation, transmission, distribution and supply of electricity. The company’s activities include renewable energy, electricity networks and flexible thermal generation, supported by energy trading and other related services.

SSE develops and operates renewable power assets, including offshore and onshore wind farms and hydroelectric facilities. It also owns and manages electricity transmission and distribution networks in parts of Great Britain, helping connect power producers with homes and businesses.

Founded in 1998 through the merger of Scottish Hydro-Electric and Southern Electric, SSE is headquartered in Perth, Scotland.