SSE plc (OTCMKTS:SSEZY) Short Interest Update

SSE plc (OTCMKTS:SSEZY) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 1,400 shares, a decrease of 95.8% from the December 31st total of 33,000 shares. Based on an average daily volume of 387,000 shares, the days-to-cover ratio is currently 0.0 days.

SSE Stock Performance

Shares of SSEZY stock opened at $20.01 on Thursday. SSE has a 12-month low of $18.76 and a 12-month high of $27.01. The company has a 50 day moving average of $20.56 and a 200-day moving average of $23.14.

SSE Cuts Dividend

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

Analyst Ratings Changes

A number of analysts have commented on SSEZY shares. Citigroup upgraded shares of SSE from a “strong sell” rating to a “hold” rating in a research note on Monday, January 20th. UBS Group upgraded shares of SSE from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of SSE in a research report on Wednesday, October 2nd. They issued a “hold” rating on the stock.

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.