Severn Trent PLC (OTCMKTS:STRNY) Short Interest Down 30.9% in November

Severn Trent PLC (OTCMKTS:STRNY) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 31,300 shares, a drop of 30.9% from the November 15th total of 45,300 shares. Based on an average daily volume of 35,500 shares, the short-interest ratio is presently 0.9 days.

Analysts Set New Price Targets

Separately, Citigroup upgraded Severn Trent from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 5th.

Severn Trent Price Performance

OTCMKTS:STRNY traded down $0.31 during midday trading on Friday, hitting $32.65. 14,515 shares of the stock were exchanged, compared to its average volume of 31,984. Severn Trent has a one year low of $29.00 and a one year high of $36.56. The business has a 50-day moving average price of $34.32 and a two-hundred day moving average price of $33.49.

Severn Trent Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, January 21st. Investors of record on Monday, December 2nd will be issued a dividend of $0.6167 per share. The ex-dividend date of this dividend is Monday, December 2nd. Severn Trent’s payout ratio is 137.91%.

Severn Trent Company Profile

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.