Severn Trent PLC (OTCMKTS:STRNY) Short Interest Update

Severn Trent PLC (OTCMKTS:STRNY) was the recipient of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 10,700 shares, a decline of 42.8% from the October 15th total of 18,700 shares. Based on an average daily volume of 26,900 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

A number of research firms have commented on STRNY. Citigroup raised shares of Severn Trent from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 5th. Barclays downgraded shares of Severn Trent from a “strong-buy” rating to a “hold” rating in a report on Monday, August 5th.

Severn Trent Stock Performance

Severn Trent stock traded down $0.13 during mid-day trading on Wednesday, reaching $33.57. The company’s stock had a trading volume of 29,179 shares, compared to its average volume of 32,952. The business has a 50 day moving average price of $34.75 and a 200-day moving average price of $33.28. Severn Trent has a twelve month low of $29.00 and a twelve month high of $36.56.

About Severn Trent

Severn Trent PLC operates as a water and sewerage company in England and Wales. It operates through two segments: Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment offers water and waste water services to approximately 4.8 million households and businesses.