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

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".

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

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.