Severn Trent PLC (OTCMKTS:STRNY) Sees Significant Drop in Short Interest

Severn Trent PLC (OTCMKTS:STRNY) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 5,200 shares, a decrease of 17.5% from the August 15th total of 6,300 shares. Based on an average daily volume of 56,300 shares, the days-to-cover ratio is presently 0.1 days.

Severn Trent Stock Performance

OTCMKTS:STRNY opened at $35.71 on Tuesday. The stock’s fifty day moving average is $33.42 and its two-hundred day moving average is $32.41. Severn Trent has a 52 week low of $27.39 and a 52 week high of $35.79.

Wall Street Analyst Weigh In

Separately, Barclays cut shares of Severn Trent from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th.

About Severn Trent

Severn Trent PLC operates as a water and sewerage company in England and Wales. It operates through two segments: Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment offers water and waste water services to approximately 4.8 million households and businesses.