Severn Trent PLC (OTCMKTS:STRNY) Short Interest Down 30.9% in November

Severn Trent PLC (OTCMKTS:STRNY) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 31,300 shares, a decrease of 30.9% from the November 15th total of 45,300 shares. Based on an average daily trading volume, of 35,500 shares, the short-interest ratio is currently 0.9 days.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of Severn Trent from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 5th.

Severn Trent Trading Down 0.9 %

OTCMKTS STRNY traded down $0.31 on Friday, hitting $32.65. 14,515 shares of the stock were exchanged, compared to its average volume of 31,984. Severn Trent has a 52-week low of $29.00 and a 52-week high of $36.56. The company’s 50-day moving average price is $34.32 and its two-hundred day moving average price is $33.49.

Severn Trent Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Monday, December 2nd will be given a dividend of $0.6167 per share. The ex-dividend date is Monday, December 2nd. Severn Trent’s payout ratio is 137.91%.

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.