Severn Trent PLC (OTCMKTS:STRNY) Shares Shorted: Short Interest Up 79.2% in September

Severn Trent PLC (OTCMKTS:STRNY) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 13,808 shares, an increase of 79.2% from the September 15th total of 7,704 shares. Based on an average daily trading volume, of 38,726 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

STRNY has been the topic of several research reports. BNP Paribas Exane began coverage on shares of Severn Trent in a research report on Monday, June 29th. They set a “neutral” rating on the stock. Jefferies Financial Group cut shares of Severn Trent from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Six research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Severn Trent Stock Up 3.6%

Shares of Severn Trent stock opened at $43.14 on Friday. The business has a fifty day simple moving average of $41.78 and a 200 day simple moving average of $41.51. Severn Trent has a 12 month low of $35.72 and a 12 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 subsidiary, Severn Trent Water, the company collects, treats and supplies clean water to households and businesses and provides wastewater collection and treatment services.

Severn Trent serves customers across the Midlands and central England, including communities in and around Birmingham, Coventry, Derbyshire, Gloucestershire, Leicestershire, Shropshire, Staffordshire, Warwickshire and Worcestershire.