Severn Trent PLC (OTCMKTS:STRNY – Get Free Report) saw a significant decline in short interest in October. As of October 31st, there was short interest totalling 10,700 shares, a decline of 42.8% from the October 15th total of 18,700 shares. Based on an average trading volume of 26,900 shares, the short-interest ratio is currently 0.4 days.
Severn Trent Price Performance
STRNY stock traded up $0.27 during midday trading on Friday, reaching $34.32. The company had a trading volume of 15,638 shares, compared to its average volume of 32,842. Severn Trent has a 1 year low of $29.00 and a 1 year high of $36.56. The firm has a 50-day moving average price of $34.72 and a 200-day moving average price of $33.29.
Analyst Upgrades and Downgrades
STRNY has been the subject of several recent analyst reports. Citigroup raised shares of Severn Trent from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Barclays cut shares of Severn Trent from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 5th.
About Severn Trent
Severn Trent PLC operates as a water and sewerage company in England and Wales. It operates through two segments: Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment offers water and waste water services to approximately 4.8 million households and businesses.
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