Short Interest in SSE plc (OTCMKTS:SSEZY) Declines By 70.3%

SSE plc (OTCMKTS:SSEZY) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 34,600 shares, a decline of 70.3% from the January 31st total of 116,500 shares. Based on an average daily trading volume, of 178,000 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Several research firms recently commented on SSEZY. Citigroup raised 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 research note on Thursday, January 9th.

SSE Price Performance

Shares of OTCMKTS SSEZY traded down $0.66 during trading hours on Friday, hitting $18.94. 56,816 shares of the stock were exchanged, compared to its average volume of 179,098. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.92 and a quick ratio of 0.85. SSE has a one year low of $18.60 and a one year high of $27.01. The company’s 50 day moving average is $19.70 and its 200 day moving average is $22.43.

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.