Sse Plc (OTCMKTS:SSEZY) Sees Large Decline in Short Interest

Key Points

• Short interest in SSE PLC has significantly decreased, dropping by 50.2% to 69,000 shares as of July 31, reflecting a positive shift in market sentiment.
• SSE recently declared a dividend of $0.537 per share with a yield of 310.0%, an increase from the previous dividend of $0.27.
• Analysts maintain a consensus Buy rating on SSE shares, indicating ongoing confidence in the company's performance and potential growth.

Sse Plc (OTCMKTS:SSEZY - Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 69,000 shares, adeclineof50.2% from the July 15th total of 138,600 shares. Approximately0.0% of the company's shares are short sold. Based on an average trading volume of 344,400 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 344,400 shares, the short-interest ratio is currently 0.2 days. Approximately0.0% of the company's shares are short sold.

SSE Trading Up 1.0%

Shares of SSE stock traded up $0.25 during trading on Friday, reaching $24.56. The company had a trading volume of 32,594 shares, compared to its average volume of 150,898. The firm's fifty day moving average is $25.12 and its 200-day moving average is $22.69. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.91 and a current ratio of 1.01. SSE has a fifty-two week low of $18.60 and a fifty-two week high of $27.3150.

SSE Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, September 25th. Shareholders of record on Monday, July 28th will be given a $0.537 dividend. This is a positive change from SSE's previous dividend of $0.27. The ex-dividend date is Friday, July 25th. This represents a yield of 310.0%.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reissued an "overweight" rating on shares of SSE in a research note on Friday, May 23rd. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, SSE has a consensus rating of "Buy".

About SSE

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.