SSE plc (OTCMKTS:SSEZY) Short Interest Down 61.7% in October

SSE plc (OTCMKTS:SSEZY) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 3,100 shares, a decline of 61.7% from the October 15th total of 8,100 shares. Based on an average daily volume of 127,600 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

SSEZY has been the subject of several recent research reports. Citigroup lowered shares of SSE from a “hold” rating to a “strong sell” rating in a report on Friday, October 25th. Barclays upgraded shares of SSE to a “strong-buy” rating in a research report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on SSE in a report on Wednesday, October 2nd. They issued a “hold” rating for the company.

SSE Trading Down 0.2 %

Shares of SSEZY stock traded down $0.04 on Friday, reaching $21.57. 146,338 shares of the company were exchanged, compared to its average volume of 87,384. SSE has a 1 year low of $19.63 and a 1 year high of $27.01. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $24.63 and a 200 day moving average price of $24.04.

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.