Sse Plc (OTCMKTS:SSEZY) Sees Significant Decrease in Short Interest

Sse Plc (OTCMKTS:SSEZY) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 737,684 shares, a drop of 25.3% from the November 30th total of 987,375 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 1,489,701 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 1,489,701 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

SSE Trading Down 1.3%

Shares of SSEZY opened at $29.65 on Thursday. The business has a 50-day simple moving average of $28.20 and a two-hundred day simple moving average of $25.71. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 0.97. SSE has a 52 week low of $18.60 and a 52 week high of $30.58.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SSEZY shares. Zacks Research upgraded shares of SSE from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. UBS Group lowered shares of SSE from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 27th. Royal Bank Of Canada reissued an “outperform” rating on shares of SSE in a report on Friday, November 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of SSE in a report on Friday, November 14th. Finally, Citigroup cut SSE from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

SSE Company Profile

SSE plc (OTCMKTS:SSEZY) is a United Kingdom–based energy company engaged across the electricity value chain. Its principal activities include power generation, energy supply to residential and commercial customers, and ownership/operation of electricity networks. The company has a significant presence in renewable energy development alongside conventional generation, and it provides a range of energy-related services and infrastructure solutions.

On the generation side, SSE’s portfolio spans both low-carbon technologies—such as onshore and offshore wind and hydroelectric assets—and thermal generation that supports system reliability.