Severn Trent Plc (OTCMKTS:STRNY) Sees Significant Increase in Short Interest

Severn Trent Plc (OTCMKTS:STRNY – Get Rating) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totalling 2,900 shares, a growth of 123.1% from the April 15th total of 1,300 shares. Based on an average daily volume of 2,100 shares, the short-interest ratio is currently 1.4 days.

STRNY stock opened at $36.29 on Friday. The firm has a 50 day moving average price of $39.27 and a 200-day moving average price of $38.91. Severn Trent has a 52-week low of $34.33 and a 52-week high of $42.35.

Several research analysts have recently commented on STRNY shares. Morgan Stanley downgraded Severn Trent from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 17th. Jefferies Financial Group cut Severn Trent from a “hold” rating to an “underperform” rating in a research report on Tuesday, February 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

About Severn Trent (Get Rating)

Severn Trent Plc operates as a water and sewerage company in England and Wales. It operates in 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 4.6 million households and businesses in the Midlands and Wales.

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