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Centrica plc (OTCMKTS:CPYYY) Sees Large Drop in Short Interest

Centrica logo with Utilities background

Centrica plc (OTCMKTS:CPYYY - Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 20,500 shares, a decrease of 63.5% from the May 15th total of 56,200 shares. Based on an average trading volume of 14,500 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.0% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CPYYY. Kepler Capital Markets downgraded shares of Centrica from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Barclays downgraded Centrica from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 19th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy".

Get Our Latest Analysis on Centrica

Centrica Price Performance

OTCMKTS:CPYYY traded up $0.13 during trading hours on Monday, hitting $9.20. The company's stock had a trading volume of 15,091 shares, compared to its average volume of 9,985. Centrica has a 52-week low of $5.80 and a 52-week high of $9.34. The company has a current ratio of 1.77, a quick ratio of 1.66 and a debt-to-equity ratio of 0.50. The business's 50-day moving average is $8.27 and its two-hundred day moving average is $7.48.

Centrica Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, May 5th will be issued a dividend of $0.1402 per share. The ex-dividend date is Friday, May 2nd. This represents a yield of 3.9%. This is an increase from Centrica's previous dividend of $0.07.

Centrica Company Profile

(Get Free Report)

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Centrica Energy, and Upstream segments.

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