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 target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 33,900 shares, a decline of 44.0% from the August 15th total of 60,500 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 102,200 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 102,200 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company's stock are short sold.

SSE Price Performance

Shares of SSEZY opened at $22.67 on Friday. The business's fifty day simple moving average is $24.38 and its two-hundred day simple moving average is $23.12. 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 12 month low of $18.60 and a 12 month high of $27.32.

SSE Increases Dividend

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

Analysts Set New Price Targets

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

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