Sse Plc (OTCMKTS:SSEZY) Sees Significant Growth in Short Interest

Sse Plc (OTCMKTS:SSEZY) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 32,700 shares, a growth of 738.5% from the September 15th total of 3,900 shares. Based on an average daily volume of 593,300 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 593,300 shares, the days-to-cover ratio is currently 0.1 days.

SSE Stock Performance

Shares of OTCMKTS SSEZY opened at $25.51 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.68. The firm’s 50-day moving average price is $23.54 and its 200-day moving average price is $23.76. SSE has a 52-week low of $18.60 and a 52-week high of $27.32.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of SSE from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

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.