SSE plc (OTCMKTS:SSEZY) Short Interest Up 4,878.6% in January

SSE plc (OTCMKTS:SSEZY) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 69,700 shares, an increase of 4,878.6% from the December 31st total of 1,400 shares. Based on an average trading volume of 455,000 shares, the days-to-cover ratio is presently 0.2 days.

SSE Stock Performance

Shares of SSE stock traded up $0.09 on Friday, hitting $20.44. 77,761 shares of the company’s stock traded hands, compared to its average volume of 215,842. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 0.92. The firm’s 50-day moving average is $20.48 and its 200 day moving average is $23.07. SSE has a 52-week low of $18.76 and a 52-week high of $27.01.

SSE Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.2658 per share. The ex-dividend date of this dividend is Friday, January 3rd.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SSEZY shares. UBS Group raised shares of SSE from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Citigroup raised shares of SSE from a “strong sell” rating to a “hold” rating in a research report on Monday, January 20th.

SSE Company Profile

SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and central southern England; and owns, operates, and develops high voltage electricity transmission system in the north of Scotland and remote islands.