SSE plc (OTCMKTS:SSEZY) Sees Significant Decrease in Short Interest

SSE plc (OTCMKTS:SSEZY - Get Free Report) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 180,100 shares, a drop of 47.5% from the April 30th total of 343,000 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 159,000 shares, the short-interest ratio is presently 1.1 days.

Analysts Set New Price Targets

Several analysts recently weighed in on SSEZY shares. Morgan Stanley reissued an "overweight" rating on shares of SSE in a report on Friday, May 23rd. Royal Bank of Canada reissued an "outperform" rating on shares of SSE in a report on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy".

SSE Trading Up 0.7%

SSE stock traded up $0.17 during mid-day trading on Friday, reaching $24.20. 326,335 shares of the company were exchanged, compared to its average volume of 181,733. The company has a fifty day simple moving average of $22.22 and a 200-day simple moving average of $20.90. SSE has a 12 month low of $18.60 and a 12 month high of $27.01. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.92 and a quick ratio of 0.85.

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.