Centrica PLC (OTCMKTS:CPYYY) Sees Large Decline in Short Interest

Key Points

• Centrica PLC saw a significant drop in short interest in July, with a decrease of 31.1% from 36,300 shares to 25,000 shares, resulting in 0.0% of shares short sold.
• Following a downgrade by Kepler Capital Markets from "strong-buy" to "hold," Centrica currently holds an average rating of "Hold" from analysts, with one buy rating and two hold ratings.
• As of the latest trading data, Centrica's stock is priced at $8.77, reflecting a 0.7% decline, and the company has a one-year trading range between $5.80 and $9.39.

Centrica PLC (OTCMKTS:CPYYY - Get Free Report) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 25,000 shares, adecreaseof31.1% from the July 15th total of 36,300 shares. Currently,0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 29,100 shares, the short-interest ratio is presently 0.9 days. Based on an average daily trading volume, of 29,100 shares, the short-interest ratio is presently 0.9 days. Currently,0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets lowered shares of Centrica from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold".

Centrica Trading Up 2.5%

Centrica stock traded up $0.2170 during trading hours on Friday, hitting $8.9170. The company had a trading volume of 5,041 shares, compared to its average volume of 12,714. The firm's fifty day moving average is $8.87 and its 200-day moving average is $8.22. Centrica has a fifty-two week low of $5.80 and a fifty-two week high of $9.39. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 0.55.

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.