SSE plc (OTCMKTS:SSEZY) Short Interest Up 95.7% in March

SSE plc (OTCMKTS:SSEZY - Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 229,500 shares, an increase of 95.7% from the March 15th total of 117,300 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 220,900 shares, the short-interest ratio is presently 1.0 days.

SSE Stock Down 1.7 %

SSE stock traded down $0.39 during mid-day trading on Monday, reaching $21.94. 119,727 shares of the company's stock were exchanged, compared to its average volume of 218,626. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.92 and a quick ratio of 0.85. The company has a fifty day moving average of $20.03 and a 200-day moving average of $20.99. SSE has a twelve month low of $18.60 and a twelve month high of $27.01.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SSEZY. Royal Bank of Canada reaffirmed an "outperform" rating on shares of SSE in a research note on Thursday, March 27th. Citigroup upgraded shares of SSE from a "strong sell" rating to a "hold" rating in a research report on Monday, January 20th. Finally, UBS Group raised SSE from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "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.