Severn Trent PLC (OTCMKTS:STRNY) Shares Shorted: Short Interest Down 69.5% in September

Severn Trent PLC (OTCMKTS:STRNY) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 7,704 shares, a decrease of 69.5% from the August 31st total of 25,243 shares. Based on an average trading volume of 36,613 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

STRNY has been the topic of several recent analyst reports. Jefferies Financial Group lowered Severn Trent from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Citigroup reiterated a “neutral” rating on shares of Severn Trent in a research note on Thursday, June 11th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Severn Trent in a research report on Monday, June 1st. Zacks Research raised shares of Severn Trent from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. Finally, BNP Paribas Exane initiated coverage on Severn Trent in a report on Monday, June 29th. They set a “neutral” rating for the company. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Severn Trent Price Performance

Shares of Severn Trent stock opened at $41.39 on Tuesday. The company’s fifty day moving average is $41.68 and its 200 day moving average is $41.46. Severn Trent has a twelve month low of $34.54 and a twelve month high of $45.46.

Severn Trent Company Profile

Severn Trent plc is a United Kingdom-based water and wastewater services company. Through its regulated operations, the company collects, treats and supplies clean water to households and businesses, while also collecting and treating wastewater before returning it safely to the environment.

Severn Trent primarily serves communities across the Midlands of England through Severn Trent Water. The group also provides water and wastewater services in parts of Wales through Hafren Dyfrdwy. Its activities include operating reservoirs, treatment works, pumping stations and sewer networks, as well as maintaining infrastructure and supporting environmental protection.

The company traces its origins to the formation of the Severn Trent Water Authority in 1974 and became a publicly listed water company following the privatization of the water industry in 1989.