Sse Plc (OTCMKTS:SSEZY) Short Interest Down 44.0% in August

Key Points

• Sse Plc experienced a significant 44.0% decrease in short interest for August, with total short interest dropping from 60,500 shares to 33,900 shares as of August 31st.
• The company declared an increase in its dividend to $0.537 per share, representing a substantial dividend yield of 310.0% compared to its previous dividend of $0.27.
• SSE's stock ratings have shown mixed signals, with Zacks Research downgrading it to a "hold," while Morgan Stanley maintains an "overweight" rating, leading to an overall average rating of "Moderate Buy."

Sse Plc (OTCMKTS:SSEZY - Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 33,900 shares, a drop of 44.0% from the August 15th total of 60,500 shares. Based on an average daily volume of 102,200 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 102,200 shares, the short-interest ratio is presently 0.3 days.

SSE Stock Down 0.9%

OTCMKTS:SSEZY traded down $0.20 during mid-day trading on Friday, hitting $22.53. The company had a trading volume of 51,543 shares, compared to its average volume of 142,980. The business has a fifty day simple moving average of $24.14 and a 200-day simple moving average of $23.19. The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.68. SSE has a 1 year low of $18.60 and a 1 year high of $27.32.

SSE Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, July 28th will be given a dividend of $0.537 per share. The ex-dividend date is Friday, July 25th. This represents a yield of 310.0%. This is an increase from SSE's previous dividend of $0.27.

Analyst Ratings Changes

SSEZY has been the subject of several research analyst reports. Morgan Stanley restated an "overweight" rating on shares of SSE in a research report on Friday, May 23rd. Zacks Research cut shares of SSE from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, SSE presently has an average rating of "Moderate Buy".

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.