Centrica plc (OTCMKTS:CPYYY) Short Interest Down 81.7% in March

Centrica plc (OTCMKTS:CPYYYGet Rating) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 5,700 shares, a decrease of 81.7% from the March 15th total of 31,200 shares. Based on an average trading volume of 16,700 shares, the short-interest ratio is presently 0.3 days.

CPYYY has been the subject of several research reports. Royal Bank of Canada increased their price objective on Centrica from GBX 75 ($0.98) to GBX 90 ($1.17) in a research report on Tuesday, January 25th. Morgan Stanley lifted their price objective on Centrica from GBX 100 ($1.30) to GBX 120 ($1.56) in a report on Tuesday, March 1st. Finally, Zacks Investment Research raised Centrica from a “sell” rating to a “hold” rating in a research report on Tuesday, March 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $67.31.

Shares of CPYYY stock opened at $4.12 on Wednesday. Centrica has a 52 week low of $2.48 and a 52 week high of $4.48. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.07 and a current ratio of 1.11. The stock’s fifty day moving average is $4.12 and its 200-day moving average is $3.73.

About Centrica (Get Rating)

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Norway, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Energy Marketing & Trading, and Upstream segments.

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