Short Interest in SSE plc (OTCMKTS:SSEZY) Increases By 89.0%

SSE plc (OTCMKTS:SSEZY - Get Free Report) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 433,700 shares, a growth of 89.0% from the March 31st total of 229,500 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 582,600 shares, the days-to-cover ratio is presently 0.7 days.

SSE Trading Up 1.1 %

Shares of OTCMKTS:SSEZY traded up $0.24 on Tuesday, hitting $22.24. The company's stock had a trading volume of 101,914 shares, compared to its average volume of 211,242. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 0.92. SSE has a 1 year low of $18.60 and a 1 year high of $27.01. The company has a 50-day simple moving average of $20.40 and a 200 day simple moving average of $20.90.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SSEZY. Royal Bank of Canada restated an "outperform" rating on shares of SSE in a report on Thursday, March 27th. UBS Group raised SSE from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. Finally, Citigroup raised SSE from a "strong sell" rating to a "hold" rating in a research note on Monday, January 20th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently 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.

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