SSE plc (OTCMKTS:SSEZY) Short Interest Up 16,400.0% in December

SSE plc (OTCMKTS:SSEZY) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 33,000 shares, an increase of 16,400.0% from the November 30th total of 200 shares. Based on an average trading volume of 173,300 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Barclays raised SSE to a “strong-buy” rating in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of SSE in a research report on Wednesday, October 2nd. They issued a “hold” rating on the stock. Finally, Citigroup downgraded shares of SSE from a “hold” rating to a “strong sell” rating in a research report on Friday, October 25th.

SSE Trading Up 0.3 %

Shares of SSEZY stock opened at $20.13 on Friday. SSE has a 1-year low of $18.76 and a 1-year high of $27.01. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $21.99 and its 200-day simple moving average is $23.72.

SSE Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.2658 per share. The ex-dividend date is Friday, January 3rd.

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.