Short Interest in SSE plc (OTCMKTS:SSEZY) Declines By 47.5%

SSE plc (OTCMKTS:SSEZY - Get Free Report) saw a significant 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. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 159,000 shares, the short-interest ratio is presently 1.1 days.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SSEZY shares. Morgan Stanley reissued an "overweight" rating on shares of SSE in a research 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 equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy".

SSE Price Performance

SSE stock traded down $0.27 during mid-day trading on Tuesday, reaching $24.14. 38,975 shares of the stock traded hands, compared to its average volume of 182,178. The company has a quick ratio of 0.85, a current ratio of 0.92 and a debt-to-equity ratio of 0.64. SSE has a 12-month low of $18.60 and a 12-month high of $27.01. The business's 50-day moving average is $22.30 and its 200-day moving average is $20.92.

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.