SSE plc (OTCMKTS:SSEZY) Short Interest Down 61.7% in October

SSE plc (OTCMKTS:SSEZY) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 3,100 shares, a drop of 61.7% from the October 15th total of 8,100 shares. Based on an average trading volume of 127,600 shares, the days-to-cover ratio is currently 0.0 days.

SSE Price Performance

OTCMKTS SSEZY traded down $0.04 during trading on Friday, hitting $21.57. The stock had a trading volume of 146,338 shares, compared to its average volume of 87,384. SSE has a twelve month low of $19.63 and a twelve month high of $27.01. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.03 and a current ratio of 1.10. The firm has a 50 day moving average price of $24.63 and a 200 day moving average price of $24.04.

Analysts Set New Price Targets

Several research firms have weighed in on SSEZY. Deutsche Bank Aktiengesellschaft initiated coverage on shares of SSE in a report on Wednesday, October 2nd. They issued a “hold” rating on the stock. Barclays raised SSE to a “strong-buy” rating in a research report on Monday, September 30th. Finally, Citigroup lowered shares of SSE from a “hold” rating to a “strong sell” rating in a research note on Friday, October 25th.

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.